SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 14, 2000
The Bethlehem Corporation
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-4676 24-0525900
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
25th and Lennox Streets, Easton, Pennsylvania 18045
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(Address of principal executive offices)
Registrant's telephone number, including area code: (610) 258-7111
N/A
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(Former name or former address, if changed since last report.)
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Item 2. Disposition of Assets
This Form 8-K is being filed to report the sale of Bethlehem Advanced
Materials Corporation ("BAM"), the Company's wholly owned subsidiary in
Knoxville, TN. BAM was sold to a private company Bergen Cove Realty Inc. Per the
terms of the agreement, the Company sold the issued and outstanding shares of
the common stock of BAM. The purchase price was $3,923,000 which includes the
assumption of BAM's existing term debt of $2,423,000.
The Company received a fairness opinion from Seidman & Co., Inc.
Investment Banking for the sale of these assets.
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SIGNATURE
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.
The Bethlehem Corporation
Dated: December 14, 2000 By: /s/ Antoinette L. Martin
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Antoinette L. Martin
Vice President, Finance
(Principal Financial and
Accounting Officer)
