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 the Report: June 20, 1994 Commission file number 1-5805
CHEMICAL BANKING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 13-2624428
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
270 Park Avenue, New York, New York 10017-2070
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 270-6000
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Items 5. Other Events
On June 16, 1994, Chemical Bank, National Association announced today
that its wholly-owned subsidiary is extending its tender offer for the common
stock and preferred stock of Margaretten Financial Corporation until
12:00 midnight, New York City time, on Thursday, June 30, 1994.
A copy of the Company's press release dated June 16, 1994 is incorporated
herein.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The following exhibit is filed with this Report:
Exhibit Number Description
28A Press Release dated June 16, 1994
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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 thereunto duly authorized.
CHEMICAL BANKING CORPORATION
(Registrant)
Dated: June 20, 1994 By /s/ John B. Wynne
John B. Wynne
Secretary
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
28A Press Release dated June 16, 1994
Investor Contacts: John Borden Press Contacts: Judy Walsh
(212) 270-7318 (212) 270-2914
Melissa Ciotoli Ken Herz
(212) 270-7334 (212) 270-4621
Terry Mangan
(212) 270-7331
For Immediate Release
Thursday, June 16, 1994
New York, June 16 -- Chemical Bank, National Association announced today
that its wholly-owned subsidiary is extending its tender offer for the common
stock and preferred stock of Margaretten Financial Corporation until 12:00
midnight, New York City time, on Thursday, June 30, 1994. Chemical, which had
earlier announced that it anticipated extending the offer to month-end, said
the purpose of the extension was to facilitate accounting for the acquisition.
As of 12:00 midnight on June 15, 1994, approximately 13,026,435 shares of
common stock and 1,490,224 depositary shares representing the preferred stock of
Margaretten Financial Corporation had been tendered and not withdrawn,
representing over 97% and 93% of outstanding common shares and depositary
shares, respectively.
Chemical also announced that the financial condition to be satisfied by
Margaretten prior to Chemical's consummation of the offer relating to the
amount of Margaretten's adjusted net tangible common equity and the level of
its servicing portfolio (set forth in paragraph (h) of section 14 of the
Offer to Purchase) has been satisfied for purposes of a June 30 completion of
the offer.
Chemical currently anticipates that there will be no further extension of
the offer beyond 12:00 midnight on June 30,1994, with payment for tendered
shares to be made promptly thereafter.
