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)
December 21, 1994
CITIZENS UTILITIES COMPANY
(Exact name of registrant as specified in charter)
Delaware 0-1291 06-0619596
(State or other jurisdiction (Commission File Number) (IRS
of incorporation) Identification No.)
High Ridge Park, P.O. Box 3801, Stamford, Connecticut 06905
(Address of principal executive offices) (Zip code)
(203) 329-8800
(Registrant's telephone number, including area code)
No change since last report
(Former name or former address, if changed since last report)<PAGE>
Item 5. Other Events
On November 29, 1994, Citizens Utilities Company and ALLTEL
Corporation announced they have entered into definitive
agreements for Citizens to purchase approximately 109,000
telephone access lines, and cable television systems serving
7,000 subscribers, in eight states for an aggregate transaction
value of approximately $290 million.
Listed under Item 7 are Financial Statements of certain
businesses expected to be acquired for the periods indicated.
Item 7.Financial Statements of Businesses to be Acquired and
Exhibits.
(a) Financial Statements of businesses to be acquired.
- - Navajo Communications Company, Inc., for each of the two
years ended December 31, 1993.
- - ALLTEL Nevada, Inc., for each of the two years ended December
31, 1993.
- - Mountain State Telephone Company, for each of the two years
ended December 31, 1993.
(c) Exhibits
23 Consent of Arthur Andersen LLP
<PAGE>
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.
CITIZENS UTILITIES COMPANY
(Registrant)
Date: December 21, 1994 By:/s/ Livingston E. Ross
----------------------------
Vice President and Controller
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we consent to the incorporation
in the Form 8-K of our reports with respect to the financial
statements of Mountain State Telephone Company, ALLTEL Nevada, Inc.
and Navajo Communications Company for the two years ended
December 31, 1993, dated January 21, 1994, and to the
incorporation by reference in Amendment Number Three to the
Form S-3 Registration Statement dated March 28, 1994 (File No.33-51529).
It should be noted that we have not audited any financial statements
of the companies referred to above subsequent to December 31, 1993 or
performed any audit procedures subsequent to the date of our reports.
By:/s/ Arthur Andersen LLP
---------------------------
Little Rock, Arkansas
December 21, 1994
