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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 14, 1996
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 333-2940 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
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Item 5: Other Events
On June 5, 1996, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to the Registrant's pricing of its initial public offering.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
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Item No. Exhibit List
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99.1 Press release dated June 5, 1996 issued by Registrant.
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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.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ John R. Burt
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John R. Burt
Corporate Attorney
and Assistant Secretary
Date: June 14, 1996
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EXHIBIT INDEX
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EXHIBIT
NUMBER EXHIBIT DESCRIPTION PAGE
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99.1 Press release dated June 5, 1996 issued by Registrant.
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EXHIBIT 99.1
PRESS RELEASE
CONTACT:
Titanium Metals Corporation Joseph S. Compofelice
1999 Broadway, Suite 4300 Chief Financial Officer
Denver, Colorado 80202 (713) 423-3303
TIMET ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
DENVER, COLORADO . . . June 5, 1996 . . . Titanium Metals Corporation
("TIMET") (NASDAQ: TIMT) announced the pricing of its initial public offering
of shares of common stock at $23.00 per share.
TIMET shares will trade on the Nasdaq National Market under the
trading symbol "TIMT". Salomon Brothers Inc, Morgan Stanley & Co.
Incorporated, and Smith Barney Inc. managed the offering.
Of the total 14.5 million shares offered (assuming no exercise of the
overallotment option granted to the underwriters), 6.2 million shares will be
sold by TIMET, with the net proceeds therefrom used to repay all of TIMET's
debt and the balance to be used for general corporate purposes. The remaining
8.3 million shares offered will be sold by two of TIMET's current shareholders,
IMI plc and Union Titanium Sponge Corporation. TIMET's controlling
shareholder, Tremont Corporation (NYSE: TRE), will not sell shares in the
offering unless the underwriters exercise their overallotment options to
purchase from Tremont up to 2.175 million shares.
TIMET, headquartered in Denver, Colorado, is a leading integrated
producer of titanium metal products.
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