-----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, IrCcOCOYvQWNrBHKHUThKbwD0aWb7ZN81Ovgv3haOelYIHtifdlR1z31ECK6fF4R g+qOxt7EbH6C4rASpL0ShA== 0000716039-97-000012.txt : 19970415 0000716039-97-000012.hdr.sgml : 19970415 ACCESSION NUMBER: 0000716039-97-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970411 ITEM INFORMATION: Other events FILED AS OF DATE: 19970414 SROS: CSX SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNOCAL CORP CENTRAL INDEX KEY: 0000716039 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 953825062 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08483 FILM NUMBER: 97580231 BUSINESS ADDRESS: STREET 1: 2141 ROSECRANS AVE STREET 2: SUITE 4000 CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3107267718 8-K 1 NEWS RELEASE - DEFINITIVE AGREEMENT FOR UNO-VEN 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 Date of report (Date of earliest event reported) April 11, 1997 ------------------ UNOCAL CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-8483 95-3825062 - -------------------------------------------------------------------------------- (Commission File Number) (I.R.S. Employer Identification No.) 2141 Rosecrans Avenue, Suite 4000, El Segundo, California 90245 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (310) 726-7600 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ITEM 5. OTHER EVENTS. On April 11, 1997 the following news release was issued: UNOCAL, PDVSA ANNOUNCE DEFINITIVE AGREEMENTS FOR UNO-VEN RESTRUCTURING, SALE OF UNOCAL PETROCHEMICAL BUSINESS -------------------------------------------------------- EL SEGUNDO, Calif., April 11, 1997 -- Unocal Corporation and PDV America, Inc., a unit of Petroleos de Venezuela, S.A. (PDVSA), announced today the signing of a definitive agreement for the restructuring of The UNO-VEN Company, a Midwest refining and marketing partnership held 50-50 by affiliates of Unocal and PDV America. The agreement provides that an affiliate of PDV America will receive substantially all of the refining and marketing assets of UNO-VEN and will assume certain liabilities associated with those assets. Unocal affiliates will own 100 percent of the partnership, which will continue to hold and operate petroleum coke businesses that are not part of the transaction. The partnership will retain $250 million. In a separate transaction, the affiliate of PDV America will also acquire the petrochemical business that is currently conducted by Unocal Hydrocarbon Sales. Terms of the sale of Unocal's petrochemical unit were not disclosed. Unocal and PDV America expect to close both transactions by May 1, 1997, subject to clearance by regulatory agencies and the satisfaction of certain other conditions. 1 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, thereunto duly authorized. UNOCAL CORPORATION (Registrant) Date: April 14, 1997 By /s/ CHARLES S. MCDOWELL - --------------------- --------------------------- Charles S. McDowell Vice President and Comptroller 2 -----END PRIVACY-ENHANCED MESSAGE-----