<PAGE>
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) June 6, 1994
SPRINT CORPORATION
__________________
(Exact name of registrant as specified in its charter)
Kansas 1-4721 48-0457967
______ ______ __________
(State of (Commission (IRS Employer
Incorporation) File Number) Identification Number)
2330 Shawnee Mission Parkway, Westwood, Kansas 66205
____________________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (913) 624-3000
P.O. Box 11315, Kansas City, Missouri 64112
____________________________________________
(Mailing address of principal executive offices)
<PAGE>
Item 5. Other Events
On June 6, 1994, the registrant and Electronic Data Systems ("EDS")
announced in a news release that they are no longer considering a merger of
equals but are continuing to explore other forms of a strategic relationship.
Additional information concerning the announcement is contained in the news
release, a copy of which is filed as Exhibit 99 hereto and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99. News Release Relating to Discussions with EDS
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 thereunto duly authorized.
SPRINT CORPORATION
By /s/ MICHAEL T. HYDE
Michael T. Hyde
Assistant Secretary
Dated: June 6, 1994
<PAGE>
<TABLE>
EXHIBIT INDEX
<CAPTION>
Exhibit
Number Exhibit
<S> <C>
99. News Release Relating to Discussions with EDS
</TABLE>
<PAGE>
Exhibit 99
Contacts: Sue Kraus, Sprint Corporation, 202-828-7410
Tony Good, EDS, 214-605-6777
Bill White, Sprint Corporation, 913-624-2226
FOR RELEASE JUNE 6, 1994
SPRINT AND EDS NO LONGER DISCUSSING MERGER OF EQUALS
Companies To Continue Discussions Concerning
Possible Strategic Relationship
NEW YORK, June 6, 1994 -- Electronic Data Systems (EDS) and Sprint
Corporation announced today that, in their ongoing discussions, the
companies are no longer considering a merger of equals but are
continuing to explore other forms of a strategic relationship. The
companies said they have been unable to reach agreement with respect to
the financial terms of a merger transaction.
This announcement follows a May 16 disclosure that the two companies
had been engaged in broad discussions, which included a possible merger
of equals, but that "significant issues, including relative values"
remained to be resolved.
EDS chairman and chief executive officer Les Alberthal and Sprint
chairman and chief executive officer William T. Esrey said the two
companies continue to believe that convergence of their industries will
create tremendous opportunities.
"We have been in discussions concerning how to best integrate these
converging functions for the benefit of our customers," said Messrs.
Esrey and Alberthal. "Part of those discussions involved exploring a
merger of equals. That option is no longer being discussed, but there
may be other ways we can work together to achieve strategic
objectives."
General Motors stated today that it would continue to consider a
spin-off of EDS to Class E shareholders to facilitate EDS' ability to
attain its strategic objectives. Such a spin-off could occur through
an exchange of EDS common stock for Class E stock and would be proposed
only in a transaction that is tax-free.
EDS has operations in more than 30 countries, employs approximately
70,000 and is the leader in applying information technology to meet the
needs of businesses and governments around the world. Class E stock is
a common stock of General Motors, traded under the symbol GME. EDS
reported revenues of $8.6 billion in 1993.
- more -
<PAGE>
Sprint And EDS No Longer Discussing Merger of Equals
- 2 -
Sprint is a diversified international telecommunications company
with more than $11 billion in annual revenues and the United States
only nationwide all-digital, fiber-optic network. Its divisions
provide global long distance voice, data and video products and
services, local telephone services to more than 6.2 million subscriber
lines in 19 states, and cellular operations that serve 42 metropolitan
markets and more than 50 rural service areas.
- 30 -
ADDITIONAL CONTACT: Toni Simonetti, General Motors 212-418-6380
SK/GC
060694
