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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
Date of Report (Date of earliest event reported): December 31, 1996
WESTINGHOUSE ELECTRIC CORPORATION
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(Exact name of registrant as
specified in its charter)
Pennsylvania 1-977 25-0877540
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(State or other juris- (Commission File (IRS Employer
diction of incorporation) Number) Identification Number)
Westinghouse Bldg.; 11 Stanwix St., Pittsburgh, PA. 15222-1384
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 244-2000
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Page 1 of 5 Pages
Exhibit Index on Page 4
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Item 5. Other Events
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On December 31, 1996, the registrant issued a press release announcing
the completion of the divestiture of Westinghouse Security Systems to Western
Resources, Inc., a copy of which is attached hereto as Exhibit 99 and is
incorporated in its entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
A press release issued by the registrant on December 31, 1996, is filed as
Exhibit 99 to this Report.
Page 2 of 5 Pages
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WESTINGHOUSE ELECTRIC CORPORATION
(Registrant)
By: /s/ LOUIS J. BRISKMAN
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Louis J. Briskman
Senior Vice President and
General Counsel
Date: January 10, 1997
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EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
99 A press release issued by the
Company on December 31, 1996. 5
Page 4 of 5 Pages
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EXHIBIT 99
WESTINGHOUSE COMPLETES DIVESTITURE OF HOME SECURITY BUSINESS
PITTSBURGH, Dec. 31 -- Westinghouse Electric Corporation announced
today the completion of the divestiture of its residential security business,
Westinghouse Security Systems, to Western Resources, Inc., a diversified
energy company with interests in the security business including Westar
Security and ADT.
The sale values Westinghouse Security Systems at approximately
$425 million, including the assumption of certain liabilities. Proceeds
from the sale will be used to pay down the Corporation's debt.
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