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UNITED STATES
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): October 27, 2000
AZURIX CORP.
(Exact name of registrant as specified in its charter)
Delaware 001-15065 76-0589114
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
333 Clay Street, Suite 1000
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
(713) 646-6001
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On October 27, 2000, Azurix Corp. announced that its Board of Directors had
received a proposal from Enron Corp. to provide funding to take Azurix private
at a buy-out price of $7.00 per share. The specific structure of the proposal
has yet to be determined.
The letter and the press release issued by Azurix announcing receipt of the
proposal are attached hereto as exhibits and are incorporated herein by
reference. The foregoing description of the letter is qualified in its entirety
by reference to Exhibit 99.2 hereof.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit 99.1 - Press Release dated October 27, 2000
Exhibit 99.2 - Letter dated October 27, 2000 from Enron Corp. to the
Board of Directors of Azurix Corp.
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.
AZURIX CORP.
Date: October 27, 2000 By: /s/ John L. Garrison, Jr.
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John L. Garrison, Jr.
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated October 27, 2000.
99.2 Letter dated October 27, 2000 from Enron Corp. to the Board of
Directors of Azurix Corp.
