-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SCbDdXEZDlRjNJtnje4+eAu15a7tBEnm0fRk7zdb6d4zc3fIRQDVLYEa5DsmeVzV xpS+1XbPnrkaIGaQb2DNFQ== 0000059255-96-000020.txt : 19960921 0000059255-96-000020.hdr.sgml : 19960921 ACCESSION NUMBER: 0000059255-96-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960918 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19960919 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALHI INC /DE/ CENTRAL INDEX KEY: 0000059255 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 870110150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05467 FILM NUMBER: 96632281 BUSINESS ADDRESS: STREET 1: THREE LINCOLN CENTRE STREET 2: 5430 LBJ FRWY STE 1700 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 2142331700 MAIL ADDRESS: STREET 1: THREE LINCOLN CENTER STREET 2: 5430 LBJ FREEWAY SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: LLC CORP DATE OF NAME CHANGE: 19870329 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY LOAN CORP DATE OF NAME CHANGE: 19800414 8-K 1 VALHI,INC.09/18/96 PRESS REL MEDITE SALE SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 18, 1996 ------------------------------------------------- (Date of Report, date of earliest event reported) VALHI, INC. ----------------------------------------------------------- (Exact name of Registrant as specified in its charter) Delaware 1-5467 87-0110150 ------------------------------------------------------------ (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697 ----------------------------------------------------------- (Address of principal executive offices) (Zip Code) (972) 233-1700 ------------------------------------------------------------ (Registrant's telephone number, including area code) (214) 233-1700 ------------------------------------------------------------ (Former name or address, if changed since last report) Item 5: Other Events ------------ On September 18, 1996, the Registrant issued the press release attached hereto as Exhibit 99.1 which is incorporated herein by reference. Item 7: Financial Statements, Pro Forma Financial Information - ------------------------------------------------------ and Exhibits ------------ (c) Exhibit ------- Item No. Exhibit Index -------- ------------------------------------------ 99.1 Press release dated September 18, 1996 issued by the Registrant SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VALHI, INC. (Registrant) By: /s/ Steven L. Watson ------------------------------- Steven L. Watson Vice President & Secretary EX-99 2 VALHI,INC. 09/18/96 PRESS REL MEDITE SALE [LOGO] PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. JOSEPH S. COMPOFELICE THREE LINCOLN CENTRE EXECUTIVE VICE PRESIDENT 5430 LBJ FREEWAY (713) 423-3303 DALLAS, TEXAS 75240-2697 (972) 233-1700 VALHI AGREES TO SELL MEDITE OPERATIONS Dallas, Texas ... September 18, 1996 ... Valhi, Inc. (NYSE:VHI) announced that it has signed Letters of Intent involving the sale of its building products business operated by Medite Corporation, a wholly owned subsidiary of Valcor, Inc., which is a wholly owned subsidiary of Valhi. The proposed sale will be accomplished in three separate transactions whereby the Company will sell: (1) approximately 170,000 acres of timber and timberlands to Rogue Resources, LLC, an Oregon based partnership of forest product operators; (2) the Medford Oregon based medium density fibreboard manufacturing facility along with a veneer and sawmill conversion facility to Sierra Pine, a California limited partnership; and (3) the Irish medium density fibreboard operations to Willamette Industries, Inc. (NASDAQ:WMTT). The transactions are subject to, among other things, completion of due diligence, execution of definitive agreements and certain regulatory approvals. The total cash consideration will be approximately $230 million, subject to certain adjustments, plus the assumption of $20 million of foreign debt. The transactions are expected to close in the fourth quarter of 1996, at which time the Company expects to report a pretax gain on the dispositions in excess of $100 million. Approximately $53 million of the cash proceeds will be used to pay off Medite bank debt in the U.S. Valhi, Inc. is a major producer of chemicals, refined sugar, building products and other products. -----END PRIVACY-ENHANCED MESSAGE-----