-----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, WKoaRJwSXeB+q/KLYmTi2e8KPv3HPvWtL7nj7MUIaXPrOkmk7s0loOn0jAfhfIXl 3L+AUEr0I2IAEs9J8gjTNw== 0000950152-99-000631.txt : 19990205 0000950152-99-000631.hdr.sgml : 19990205 ACCESSION NUMBER: 0000950152-99-000631 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990202 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEON CO CENTRAL INDEX KEY: 0000897547 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 341730488 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11804 FILM NUMBER: 99520686 BUSINESS ADDRESS: STREET 1: ONE GEON CTR CITY: AVON LAKE STATE: OH ZIP: 44012 BUSINESS PHONE: 4409301001 MAIL ADDRESS: STREET 1: ONE GEON CENTER CITY: AVON LAKE STATE: OH ZIP: 44012 8-K 1 THE GEON COMPANY 8-K 1 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) February 2, 1999 ---------------- THE GEON COMPANY ---------------- (Exact name of registrant as specified in charter) Delaware 1-11804 34-1730488 - ----------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) One Geon Center, Avon Lake, Ohio 44012 --------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 440-930-1001 --------------- Not Applicable -------------- (Former name or former address, if changed since last report.) 2 Item 5. Other Events - --------------------- The Geon Company announced today that the Federal Trade Commission (FTC) has closed its inquiry into the joint ventures planned between Geon and Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation. Closing of the inquiry means Geon and OxyChem are able to proceed with the joint venture transactions. Item 7(c). Financial Statements, Pro Forma Financial Information and Exhibits - ---------- ------------------------------------------------------------------ Exhibit 99.1 Press Release of February 2, 1999 announcing that the Federal Trade Commission (FTC) has closed its inquiry into the joint ventures planned between Geon and Occidental Chemical Corporation, a subsidiary of Occidental Petroleum Corporation. 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. THE GEON COMPANY By \s\ Gregory L. Rutman -------------------------------- Secretary Dated February 4, 1999 EX-99.1 2 EXHIBIT 99.1 1 EXHIBIT 99.1 GEON, OXYCHEM JOINT VENTURES GET FEDERAL TRADE COMMISSION CLEARANCE CLEVELAND, OHIO -FEBRUARY 2, 1999 - The Geon Company (NYSE: GON) announced today that the Federal Trade Commission (FTC) has closed its inquiry into the joint ventures planned between Geon and Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation (NYSE: OXY). Closing of the inquiry means Geon and OxyChem are able to proceed with the joint venture transactions. FTC review was just one step in the formation of the joint ventures. Geon and OxyChem completed definitive agreements and Geon's board of directors approved the agreements on December 22, 1998. The next steps are review of the proxy by the Securities and Exchange Commission, approval by Geon shareholders and approval by the board of directors of Occidental Petroleum Corporation. Geon anticipates closing the transactions by the end of the first quarter of 1999. Geon and OxyChem are forming a joint venture that will combine all of Geon's polyvinyl chloride (PVC) suspension/mass resin and vinyl chloride monomer (VCM) facilities with OxyChem's PVC suspension/mass resin and VCM facilities and its Houston chlor-alkali complex. The joint venture, to be named Oxy Vinyls, LP (Oxy Vinyls), will be owned 76 percent by OxyChem and 24 percent by Geon. Geon will acquire OxyChem's PVC compounding and flexible vinyl film businesses located at Burlington, New Jersey, and OxyChem's pellet compounding businesses in Pasadena, Texas. In addition, the two companies will form a separate joint venture in PVC powder compounding, to be owned 90 percent by Geon and 10 percent by OxyChem. Included in the powder joint venture are OxyChem's Pasadena, Texas, powder compounding plant and Geon's Plaquemine, Louisiana, plant. The Geon Company is a leading North American-based polymer service and technology company with operations in PVC compounds, specialty PVC resins and other value-added products and services, as well as in PVC resins. Headquartered in Avon Lake, Ohio, The Geon Company and its subsidiaries employ over 2,400 people and have 24 manufacturing plants in the United States, Canada, England and Australia and joint ventures in the United States, England, Australia and Singapore. Geon recorded revenues of $1.28 billion for the year ended December 31, 1998. Information on the Company's products and services, as well as news releases, EDGAR filings, Form 10-K, 10-Q, etc. is available on the Internet at http://www.geon.com. -----END PRIVACY-ENHANCED MESSAGE-----