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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): October 1, 1996
MILLENNIUM CHEMICALS INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-12091 22-3436215
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(Commission File Number) (I.R.S. Employer Identification No.)
99 Wood Avenue South
Iselin, New Jersey 08830
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(Address of Principal Executive Offices) (Zip Code)
(908) 603-6600
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Exhibit Index on Page 4
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ITEM 5. OTHER EVENTS.
On October 1, 1996, the demerger of Millennium
Chemicals Inc. (the "Company") from Hanson PLC was completed, and
on October 2, 1996, the Company's common stock commenced "regular
way" trading on the New York Stock Exchange under the symbol
"MCH". A copy of the press release issued by the Company on
October 2, 1996 in connection with the foregoing is filed as an
exhibit to this Current Report and is incorporated by reference
herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(c) Exhibits
99 Press Release issued by the Company on October 2, 1996.
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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.
MILLENNIUM CHEMICALS INC.
October 2, 1996 By: /s/ George H. Hempstead, III
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Name: George H. Hempstead, III
Title: Senior Vice President --
Law and Administration
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EXHIBITS
EXHIBIT NO. EXHIBIT
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99 Press Release issued by the Company on October 2, 1996.
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NYFS02...:\13\51513\0225\1664\FRM0016L.460
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_________________________________________________________________
Millennium 99 Wood Avenue South
Chemicals Inc. PO Box 7050
Iselin, NJ 08830
Main Telephone (908) 603-6600
Main Fax (908) 603-6878
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NEWS RELEASE
Contact: Mickey Foster
Vice President - Investor Relations
(908) 603-6777
FOR IMMEDIATE RELEASE
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MILLENNIUM CHEMICALS COMMENCES NYSE TRADING
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ISELIN, NEW JERSEY and LONDON, ENGLAND, October 2, 1996 - Millennium
Chemicals Inc. will today commence "regular way" trading on the New
York Stock Exchange under the symbol "MCH". The spin-off of
Millennium from Hanson PLC became effective yesterday. Millennium is
a major international diversified chemical company with revenues in
excess of $3 billion in 1995.
"We are enthusiastic about the opportunity that our independence
presents to create value for shareholders," said William M. Landuyt,
Chairman and Chief Executive Officer of Millennium Chemicals. "We
intend to grow both internally - especially through international
expansion -- and by selective small acquisitions. We are well
positioned with excellent technology throughout our businesses. Our
strategy will combine aggressive growth in speciality and intermediate
chemicals and enhancement of our leading market positions in all our
lines of business."
Millennium Chemicals Inc. is a major international chemicals company,
with leading market positions in a broad range of commodity,
industrial, performance and specialty chemicals. Millennium was
formed as a result of a spin-off from Hanson PLC, a UK public company,
on October 1, 1996.
Millennium Chemical Inc. is
* the largest producer of polyethylene products in the United
States;
* the second largest producer of titanium dioxide (Ti02) in the
United States and the third largest in the world;
* the second largest producer of acetic acid and vinyl acetate
monomer in the United States;
* a leading producer of high value-added specialty polymers, color
concentrates and polymeric powders and other products, including
titanium tetrachloride, cadmium/selenium pigments and silica gel;
and
* a leading producer of fragrance and flavor chemicals.
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