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):
April 28, 1997
AUTOLIV, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-12933 (51-037854)
(Commission File Number) (IRS Employer Identification No.)
3350 Airport Road World Trade Center
Ogden, Utah 84405 Klarabergsviadukten 70
S-107 24 Stockholm
Sweden
(Address of principal executive offices)
(801) 629-9800 46 (8) 402 0600
Registrant's Telephone Number, Including Area Code
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets.
and Item 5. Other Events.
On April 28, 1997, Autoliv, Inc. (the "Company") issued a
press release, which is attached hereto as Exhibit 99.1 and is
hereby incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits.
99.1. Press release, dated April 28, 1997, issued by the
Company.
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.
Date: April 28, 1997 AUTOLIV, INC.
By: /s/ Jorgen Svensson
Jorgen Svensson
Secretary
EXHIBIT INDEX
Exhibit
Number Description
99.1. Press release, dated April 28, 1997, issued by the
Company.
EXHIBIT 99.1
[AUTOLIV, INC. LETTERHEAD]
PRESS RELEASE
AUTOLIV'S SHAREHOLDERS TENDER SHARES IN EXCHANGE OFFER -
COMBINATION BETWEEN AUTOLIV AND MORTON AUTOMOTIVE SAFETY PRODUCTS
TO BE CONSUMMATED
(Stockholm, April 28, 1997) - Autoliv, Inc. announced that,
according to a preliminary count, more than 90% of the Autoliv AB
shares have been tendered in the Exchange Offer conducted by
Autoliv, Inc. As the other terms and conditions for consummation
of the Exchange Offer have already been fulfilled or waived,
Autoliv, Inc. will exchange its shares for shares of Autoliv AB
which have been tendered in the Exchange Offer.
Following the final count, which is expected to be completed on
Wednesday, April 30, 1997, Autoliv, Inc. will issue a press
release announcing the number of shares tendered in the Exchange
Offer. Settlement, which will occur by means of a distribution
of notices of settlement, is expected to commence on May 2, 1997.
Trading in Autoliv, Inc. shares on a "regular way" basis on the
New York Stock Exchange is expected to commence on May 1, 1997
(Symbol: ALV). In consultation with the Stockholm Stock
Exchange, it has been agreed that trading in Autoliv, Inc.
depositary receipts on the Stockholm Stock Exchange is to
commence on May 2, 1997 (Symbol: ALIV). The last day of trading
in Autoliv AB shares on the Stockholm Stock Exchange will be May
9, 1997.
To enable Autoliv AB shareholders who have not yet accepted the
Exchange Offer to do so, Autoliv, Inc. has extended the
acceptance period until May 9, 1997. Settlement of shares
tendered during such extension is expected to take place on May
14, 1997. During such extension of the acceptance period,
shareholders will not have withdrawal rights. Subsequent to the
expiration of the extended acceptance period, Autoliv, Inc.
intends to initiate a compulsory acquisition process in order to
acquire any remaining outstanding shares of Autoliv AB. Payment
for the Autoliv securities so acquired will be made after a
tribunal has determined the price, which determination may take
up to two years, and may be further delayed until any appeals
from the decision of the tribunal have been finally resolved.
For further information, contact:
- Mats Odman, Manager Investor Relations, Tel: +46-(8)-402 06 23
