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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
July 22, 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 July 17, 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 acquisition of TISTO, the largest
German-based distributor of titanium products.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Press release dated July 17, 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: July 22, 1996
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EXHIBIT INDEX
Exhibit
Number Exhibit Description Page
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99.1 Press release dated July 17, 1996 issued by Registrant.
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EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation Mark A. Wallace
1999 Broadway, Suite 4300 Vice President - Finance
Denver, Colorado 80202 (303) 296-5651
TIMET ACQUIRES TISTO
DENVER, COLORADO . . . July 17, 1996 . . . Titanium Metals Corporation
("TIMET") (NASDAQ - TIMT) announced today that it has completed the acquisition
of TISTO, the largest Germany-based distributor of titanium products.
TIMET, which previously owned a 26% equity interest in TISTO,
purchased the remaining 74% interest for $2.3 million. TISTO distributes
titanium products in a number of countries including Germany, Austria,
Switzerland and Finland. TISTO's unaudited revenues in 1995 and the first six
months of 1996 were $20 million and $14 million, respectively. TIMET intends
to expand the distribution of its products into these and other markets through
TISTO.
TIMET, headquartered in Denver, Colorado, is a leading integrated
producer of titanium metal products.
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