UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 5, 2000
Howmet International Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-13645 52-1946684
Commission File Number (IRS Employer Identification No.)
475 Steamboat Road, Greenwich, CT 06836-1960
(Address of principal executive offices) (Zip Code)
(203) 661-4600
Registrant's Telephone Number
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ITEM 5 OTHER EVENTS
The following news release was issued on January 5, 2000.
Independent Directors Committee Appoints Financial Advisor
Greenwich, CT- Howmet International Inc. (HWM-NYSE) (www.howmet.com) announced
today that its Independent Directors Committee had appointed Goldman, Sachs &
Co. as its financial advisor to assist the Committee in reviewing a proposal by
Cordant Technologies Inc., Howmet's majority stockholder, to acquire the
outstanding shares of stock of Howmet International not currently owned by
Cordant for $17.00 per share.
The Committee has also selected Baker Botts L.L.P. as its legal counsel.
Howmet International Inc. is the world's largest manufacturer of precision
castings, primarily for jet aircraft and industrial gas turbine engines.
Howmet and its subsidiaries operate 29 production facilities in the United
States, Canada, France, the United Kingdom and Japan.
This press release includes forward-looking statements, including the one
related to the price being offered by Cordant. Pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, the Company
cautions readers that such forward-looking statements are subject to certain
risks and uncertainties, which could cause actual results to differ materially
from those projected in those statements. These risks and uncertainties include,
but are not limited to, the effects of aerospace and industrial gas turbine
market conditions, the nature of the company's customer base, competition,
pricing pressures, and others detailed in the Company's Annual Report on Form
10-K for 1998 and other reports filed with the Securities and Exchange
Commission.
By: /S/ Roland Paul
Roland Paul
Vice President
Date: January 5, 2000
