-----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, VlUScrTHQvO2xpAM/mSPYsJyw1uBLJloDgA+5EqzLcvbaUT4uuYUcXZCKihQM59R iwbEp88i4zhEulu3RwigaQ== 0000059255-96-000027.txt : 19961122 0000059255-96-000027.hdr.sgml : 19961122 ACCESSION NUMBER: 0000059255-96-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961120 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19961121 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: 96670093 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. FORM 8-K 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 November 20, 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 No.) incorporation) 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) Not applicable ------------------------------------------------------------ (Former name or address, if changed since last report) Item 5: Other Events ------------ On November 20, 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 November 20, 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 Date: November 21, 1996 EX-99 2 VALHI,INC. FORM 8-K [COMPANY LOGO] 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, INC. COMPLETES SALE OF IRISH OPERATIONS Dallas, Texas ... November 20, 1996 ... Valhi, Inc. (NYSE:VHI) announced that it has completed the previously announced sale of its Irish medium density fiberboard operations to Willamette Industries, Inc. (NASDAQ:WMTT) for $61.5 million in cash proceeds, plus the assumption by Willamette of approximately $21 million of Irish bank debt. These operations were part of Valhi's building products business operated by Medite Corporation, a wholly owned subsidiary of Valcor, Inc., which is a wholly owned subsidiary of Valhi. The Company will use the proceeds of the sale for general corporate purposes. Valhi closed on October 30, 1996 the previously announced sale of Medite's Oregon timber and timberlands to Rogue Resources LLC, an Oregon based partnership of forest operators, for approximately $118 million in cash proceeds, $53 million of which was used to pay down Medite U.S. bank debt. The previously announced sale of Medite's medium density fiberboard manufacturing facility, and veneer and sawmill facilities located in Medford, Oregon and the surrounding area, to Sierra Pine, a California limited partnership, continues to be subject to the negotiation of a definitive agreement. Upon consummation of the sale of the Medford, Oregon medium density fiberboard facility, Valhi will have sold substantially all of its building products business. No assurance can be given that the sale of the Oregon facilities will be completed. Valhi, Inc. is a major producer of chemicals, refined sugar and other products. -----END PRIVACY-ENHANCED MESSAGE-----