-----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, KH5u5FDiH9MUgaPlh64WBt6u0N4CX6wMoaTfU8iXl4G67uEgqbQX47XoY9Zy23bu W0ggm6xP6nrorX4ED89y2Q== 0001047469-99-025506.txt : 19990629 0001047469-99-025506.hdr.sgml : 19990629 ACCESSION NUMBER: 0001047469-99-025506 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990624 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OGDEN CORP CENTRAL INDEX KEY: 0000073902 STANDARD INDUSTRIAL CLASSIFICATION: AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581] IRS NUMBER: 135549268 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03122 FILM NUMBER: 99653204 BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLZ - 25TH FLR CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: 2128686100 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLZ - 25TH FLR CITY: NEW YORK STATE: NY ZIP: 10121 8-K 1 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): JUNE 24, 1999 OGDEN CORPORATION (EACH NAME OF REGISTRANT AS SPECIFIED IN THE CHARTER) DELAWARE 1-3122 13-5549268 - ---------------------------- ------------------------ ------------------- (STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER OF INCORPORATION) IDENTIFICATION NO.) TWO PENNSYLVANIA PLAZA NEW YORK, NEW YORK 10121 - ---------------------- ------------------ ----- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) ZIP CODE REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212)868-6000 NONE (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) Item 5. OTHER EVENTS On June 24, 1999 Ogden Corporation issued a press release, a copy of which is attached hereto as Exhibit A. Item 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of business acquired: Not Applicable (b) Pro forma financial information: Not Applicable (c) Exhibits: (1) Press Release of Ogden Corporation dated June 24, 1999. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized. OGDEN CORPORATION Dated: June 24, 1999 By: /s/ J. L. EFFINGER --------------------------- J. L. Effinger Assistant Secretary EX-1 2 PRESS RELEASE Exhibit (C)(1) Quintin G. Marshall Two Pennsylvania Plaza, New York, NY 10121 eMail: quintin_marshall@ogden.com Phone: 212-868-5421 Fax: 212-868-3558 www.ogdencorp.com For Immediate Release OGDEN SIGNS AGREEMENT TO ACQUIRE VOLUME SERVICES AMERICA, INC. New York, N.Y., June 24, 1999 - Ogden Corporation (Ogden) today announced that its Entertainment group has entered into an agreement to acquire Volume Services America, Inc. (VSA). Ogden stated that the purchase price would be $127 million plus approximately $215 million in assumed debt, and that it anticipates closing the transaction by the fall, subject to all regulatory approvals and certain other conditions. The combination of VSA's food service business with Ogden's food service and venue management operations will establish the largest sports, leisure, and convention center food service provider and venue management company in the United States. As the industry leader, the company, which will be called Ogden VSA, would provide food service and/or venue management services to approximately 300 venues worldwide, including 68 amphitheaters, auditoriums and performing art centers; 67 arenas; 63 stadiums; and 53 convention centers. In 1998, revenues for the combined group were approximately $900 million. Ogden stated that after integrating the operations, this transaction would be accretive to 2000 earnings. R. Richard Ablon, Chairman and Chief Executive Officer of Ogden Corporation said, "The combining of these two leading entertainment service providers creates tremendous opportunities for accelerating the growth of one of our longstanding core operating components. Food and beverage service continues to play a fundamental role in our Entertainment vision, as this business is complementary to existing operations in both our venue management and themed attractions segments." Mr. Ablon added, "This combination also positively impacts our plans to spin-off our Entertainment and Aviation businesses as overall revenues and adjusted EBITDA will each increase by over a third." "By combining and fully integrating our respective operations, we will be able to offer our clients and patrons even greater levels of service and creativity," said John T. Dee, Chairman and Chief Executive Officer of Volume Services America. Volume Services America, based in Spartanburg, South Carolina, provides food, beverage, merchandise, and facility design and management services for approximately 118 sports, entertainment and convention center venues throughout North America. It had 1998 revenues of approximately $400 million. Ogden Corporation (NYSE: OG) is a global corporation focused on three business areas -- Entertainment, Aviation and Energy. The Entertainment group has interests in themed and location-based attractions; food and beverage concessions; venue management; large format films and theatres, and concert promotions, artist management and recordings. The Aviation group provides ground and cargo handling; passenger services; fueling; airport infrastructure development and management; fixed base operations (FBO's); and aircraft sales and management, plus charter services. The Energy group develops, owns and operates independent power facilities and provides related infrastructure services. On March 11, 1999 Ogden Corporation announced plans to spin-off its Entertainment and Aviation businesses into a separately traded public company. Additional information about Ogden can be obtained via the Internet, at www.ogdencorp.com, or toll-free (888) 643-3612. For additional information about Volume Services America, contact Elaine Richner at (864) 597-0142. ### -----END PRIVACY-ENHANCED MESSAGE-----