-----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, V+YCBNWCwPAr7siDNLVBNPLfalHttfuwSC1XyE1MvMcQGCGaXD39M5Hx0rOjqcoc cZHJWKUhbIACq9cZ7XSSvA== 0000059255-96-000017.txt : 19960612 0000059255-96-000017.hdr.sgml : 19960612 ACCESSION NUMBER: 0000059255-96-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960605 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19960607 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: 96578373 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.06/05/96 PRESS REL 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 June 7, 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) (214) 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 June 7, 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 June 5, 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: June 7, 1996 EX-99 2 VALHI,INC. 06/05/96 PRESS REL AMALGAMATED SALE PRESS RELEASE FOR IMMEDIATE RELEASE: FOR FURTHER INFORMATION, CONTACT: ALLAN M. LIPMAN, JR., RANDON W. WILSON, ATTORNEY FOR PRESIDENT SNAKE RIVER SUGAR COMPANY THE AMALGAMATED SUGAR COMPANY JONES WALDO HOLBROOK & MCDONOUGH 2427 LINCOLN AVENUE 1500 FIRST INTERSTATE PLAZA P.O. BOX 1520 170 SOUTH MAIN STREET OGDEN, UT 84402 SALT LAKE CITY, UT 84101 (801) 399-3431 (801) 521-3200 (801) 393-8042 (FAX) (801) 328-0537 (FAX) STEVEN L. WATSON, VICE PRESIDENT VALHI, INC. THREE LINCOLN CENTRE 5430 LBJ FREEWAY, SUITE 1700 DALLAS, TEXAS 75240-2697 (214) 233-1700 (214) 239-0142 (FAX) Dallas, Texas . . . June 5, 1996 . . . Valhi, Inc. (NYSE: VHI) jointly announced today with Snake River Sugar Company, an Oregon cooperative association, the execution of a letter of intent by which Snake River would acquire 100% of the voting stock of The Amalgamated Sugar Company from Amcorp, Inc., a wholly owned subsidiary of Valhi. Completion of the transaction is subject to, among other things, execution of definitive agreements, obtaining of sufficient bank financing by Snake River and execution of membership agreements by approximately 1600 sugarbeet growers in Idaho, Oregon and Washington. Depending on the form of the acquisition, Amcorp would receive consideration with a value of $250 million in either a tax-free or tax-deferred transaction, subject to certain post closing adjustments based on operating performance. The growers will be required to commit approximately 220,000 acres of sugarbeets to Snake River and to pay approximately $400 per acre to subscribe to preferred stock in the cooperative which will raise net funds of approximately $86 million. George Grant, Chairman of Snake River, stated, ``We are delighted with the prospect that the growers will now be able to own the sugar factories and other facilities that have served us for so many years. We are happy to continue the trend of sugarbeet growers in the United States who have acquired their processing capability. This is indeed a great day for sugarbeet growers in our region.'' Allan Lipman, President of Amalgamated, stated, ``Amalgamated has provided a processing capability and a market to sugarbeet growers for a century. We now look forward to working more closely with the growers in adding value to their farming operations. This will allow Amalgamated to continue as a highly competitive sugar processor in the United States.'' Amalgamated operates sugar factories in Twin Falls, Paul, and Nampa, Idaho, and in Nyssa, Oregon. It also has other sugar facilities in the states of Oregon, Utah, Idaho, Colorado and Washington. Valhi is engaged in the chemicals, refined sugar, building products and other industries. -----END PRIVACY-ENHANCED MESSAGE-----