-----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, VIwOzYuWFH7rCbiHM/EnPSHcKZcsPNxSMQj1C1AWyYAdpbTgsiDfMz5c9FVpv/yd /XWGyoDXnCtbZVYywmFEIQ== 0000950109-97-007521.txt : 19971216 0000950109-97-007521.hdr.sgml : 19971216 ACCESSION NUMBER: 0000950109-97-007521 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971215 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARCO CHEMICAL CO CENTRAL INDEX KEY: 0000819544 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 510104393 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09678 FILM NUMBER: 97738278 BUSINESS ADDRESS: STREET 1: 3801 WEST CHESTER PIKE CITY: NEWTOWN SQUARE STATE: PA ZIP: 19073 BUSINESS PHONE: 2153592000 8-K 1 FORM 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): December 15,1997 ---------------- ARCO CHEMICAL COMPANY - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 1-9678 51-0104393 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 3801 West Chester Pike, Newtown Square, Pennsylvania 19073-2387 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (610)359-2000 --------------- Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. - ------ ------------ On December 15, 1997, ARCO Chemical Company (the "Company") announced that it had reached a conditional settlement of a dispute with Repsol Quimica, S.A. concerning the use in Spain of technology for the production of propylene oxide and styrene monomer. The settlement is subject to clearance by the Directorate - General for Competition of the European Commission and the Spanish Bureau for the Defense of Competition. See also the Company's Press Release, dated December 15, 1997, filed as Exhibit 99 to this Report. Item 7. Financial Statements and Exhibits. - ------ --------------------------------- (c) Exhibits: 99 Press Release, dated December 15, 1997. -2- SIGNATURE --------- 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. ARCO CHEMICAL COMPANY /s/Van Billet --------------------------------- Van Billet Vice President and Controller December 15, 1997 -3- EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99 Press Release, dated December 15, 1997 EX-99 2 PRESS RELEASE, DATED DECEMBER 15, 1997 EXHIBIT 99 ---- ARCO Chemical Company PUBLIC AFFAIRS NEWS 3801 West Chester Pike Newtown Square, PA 19073-2387 ARCO CHEMICAL COMPANY ANNOUNCES CONDITIONAL SETTLEMENT OF TECHNOLOGY DISPUTE WITH REPSOL QUIMICA, S.A. Newtown Square, Pennsylvania, December 15, 1997. ARCO Chemical Company (NYSE: RCM) announced today that it had reached a conditional settlement of a dispute with Repsol Quimica, S.A. concerning the use in Spain of technology for the production of propylene oxide ("PO") and styrene monomer ("SM"). The dispute has given rise to an arbitration at the International Chamber of Commerce in Paris and to proceedings by the Directorate-General for Competition of the European Commission and the Spanish Bureau for the Defense of Competition. The settlement is conditional in that it is subject to clearance by these two competition authorities. If the settlement is cleared by the competition authorities, the arbitration will come to an end, and the complaints and other filings that led to the initiation of the competition proceedings will be withdrawn. The settlement is without prejudice in the event that such clearance is not obtained. Under the terms of the settlement, Repsol Quimica will be able to carry out its PO/SM plans in Spain. The remaining terms of the settlement are confidential. ARCO Chemical is a publicly traded worldwide manufacturer and marketer of PO and derivatives and other intermediate chemicals with its headquarters in Newtown Square, Pennsylvania, U.S.A. It is the world's largest producer of PO. # # # Contacts: Sallie D. Anderson, Manager, Communications (610-359-5773) Sami S. Ahmad, Investor Relations (610-359-3171) Martin Beck, Public Affairs-Europe (44-1628-775012) -----END PRIVACY-ENHANCED MESSAGE-----