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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
April 22, 1997
Date of Report (Date of earliest event reported)
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WMX TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-7327 36-2660763
(Commission File Number) (IRS Employer
Identification No.)
3003 BUTTERFIELD ROAD, OAK BROOK, ILLINOIS 60521
(Address of principal executive offices) (Zip code)
(630) 572-8800
(Registrant's telephone number, including area code)
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Item 5. Other Events.
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On April 22, 1997, the Company issued a press release announcing that
the Court of Chancery in and for New Castle County, Delaware had refused to
grant a preliminary injunction against WMX's completion of its ongoing "Dutch
auction" tender offer. A copy of the news release is filed herewith as an
exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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No financial statements or pro forma financial information are
required to be filed as a part of this report. The exhibit filed as part of
this report is listed in the Exhibit Index hereto.
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SIGNATURES
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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.
WMX TECHNOLOGIES, INC.
By: /s/ Thomas A. Witt
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Thomas A. Witt
Vice President
Dated: April 24, 1997
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WMX TECHNOLOGIES, INC.
EXHIBIT INDEX
Number and Description of Exhibit*
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1. None
2 None
4. None
16. None
17. None
20. None
23. None
24. None
27. None
99.1 News release dated April 22, 1997 issued by WMX Technologies, Inc.
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* Exhibits not listed are inapplicable.
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Exhibit 99.1
Analyst Contact: Media Contact:
John D. Sanford William J. Plunkett
(630) 572-8803 (630) 572-8898
COURT DENIES PRELIMINARY INJUNCTION AGAINST WMX
"DUTCH AUCTION" TENDER OFFER
Oak Brook, Illinois, April 22, 1997 -- WMX Technologies, Inc. today announced
that the Court of Chancery in and for New Castle County, Delaware refused to
grant a preliminary injunction against WMX's completion of its on-going "Dutch
auction" tender offer. The injunction had been requested in an asserted class-
action lawsuit filed against the Company and its Board of Directors, which also
seeks damages and attorney fees for, among other things, alleged non-disclosures
of information in the Company's offer to purchase shares from its stockholders.
In denying the request to stop the "Dutch auction" tender offer, the Chancery
Court, based on the record before it, declined to find that the offer omitted
material information as alleged in the lawsuit. The Company's tender offer is
continuing and is currently scheduled to expire on April 28.
