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) August 11, 1999
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-815 51-0014090
(State or Other Jurisdiction (Commission (I.R.S Employer
of Incorporation) File Number) Identification No.)
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant's telephone number, including area code: (302) 774-1000
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Item 5. Other Events
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In connection with Debt and/or Equity Securities that may be offered
on a delayed or continuous basis under Registration Statements on Form S-3
(No. 33-53327, No. 33-61339 and No. 33-60069), the registrant hereby files the
following press release.
Contact: Susan Gaffney
(302) 774-2698
DUPONT COMPLETES CASH OFFER
FOR DUPONT COMMON STOCK
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WILMINGTON, Del., Aug. 11 -- DuPont today announced the completion of
its previously announced cash offer to non-United States persons for DuPont
common stock at a price of $80.76 per share. The cash offer expired at 12:00
midnight New York City time on Aug. 10, 1999.
Approximately 15,281,000 shares of DuPont common stock were tendered
and 33,113,000 additional shares of DuPont common stock were guaranteed for
delivery within three New York Stock Exchange trading days. DuPont has
accepted for purchase 8 million shares of DuPont common stock. Based on the
preliminary results, which indicate that the offer is oversubscribed, a pro-
ration factor of approximately 16 percent will be applied. As a result,
DuPont anticipates that approximately 16 percent of the DuPont shares
tendered will be accepted for purchase. The estimated proration factor is
subject to change. The final proration factor is expected to be announced
early next week.
DuPont shareholders whose shares were accepted for purchase will not
receive the dividend declared by DuPont on July 28, 1999, of $0.35 per share
on each share of DuPont stock held by holders of record on Aug. 13, 1999. The
DuPont dividend will be paid on DuPont shares tendered but returned due to
proration.
The purchase price, net of applicable withholding taxes, will be paid
to tendering shareholders whose shares are accepted for purchase. After the
offer, DuPont will have approximately 974 million shares of common stock out-
standing.
DuPont has retained the services of D. F. King & Co., Inc. as
Information Agent to assist shareholders with the offer. Questions regarding
the offer should be directed to D. F. King at 212-269-5550 (collect) outside
the U.S. or 800-755-3105 (toll free) in the U.S.
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DuPont is a science company, delivering science-based solutions that
make a difference in people's lives in food and nutrition; health care;
apparel; home and construction; electronics; and transportation. Founded in
1802, the company operates in 65 countries and has 92,000 employees.
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8/11/99
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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.
E. I. DU PONT DE NEMOURS AND COMPANY
(Registrant)
/s/ D. B. Smith
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D. B. Smith
Assistant Controller
August 11, 1999
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