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)
June 1, 1995
CITIZENS UTILITIES COMPANY
(Exact name of registrant as specified in charter)
Delaware 001-11001 06-0619596
(State or other jurisdiction (Commission File Number) (IRS Employer
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, 1994.
- - ALLTEL Nevada, Inc., for each of the two years ended December 31, 1994.
- - Mountain State Telephone Company, for each of the two years ended
December 31, 1994.
(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: June 1, 1995 By:/s/ Livingston E. Ross
Vice President and
Controller
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of
our reports in this Form 8-K with respect to the financial statements of
Navajo Communications Company, Inc., ALLTEL Nevada, Inc. and Mountain State
Telephone Company for the two years ended December 31, 1994, dated
January 27, 1995 for Navajo Communications Company, Inc. and ALLTEL Nevada,
Inc., and January 23, 1995 for Mountain State Telephone Company, and to the
incorporation by reference in the Form S-3 registration statement dated March
28, 1994 (File No. 33-51529).
By:/s/ Arthur Andersen LLP
---------------------------
Little Rock, Arkansas
May 30, 1995
