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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): September 12, 2000
THE CERPLEX GROUP, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-9725 75-1539534
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7700 Irvine Center Drive #800, Irvine, California 92618
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(Address of principal executive offices) (Zip Code)
(949) 778-2918
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(Registrant's telephone number including area code)
111 Pacifica Ave. #300, Irvine, California 92618
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(Former name or former address, if changed since last report.)
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ITEM 2: DISPOSITION OF ASSETS
On September 12, 2000, Cerplex Inc. ("Cerplex"), a wholly-owned subsidiary of
The Cerplex Group, Inc. entered into a definitive agreement to sell 100% of the
stock of its UK-based repair and parts business, Cerplex Ltd., to a joint
venture between Teleplan Holdings Europe BV and A Novo SA. This transaction was
approved by the US Bankruptcy Court for the District of Delaware on Friday,
October 27, 2000 and was completed on October 30, 2000.
Cerplex Ltd., based in Enfield, England, was the last of the operating companies
owned by Cerplex to be sold. Total considerations from the transaction were
$1,200,146.50. The total proceeds are expected to be used to satisfy
administrative expenses of the bankruptcy and to reduce a portion of the
company's indebtedness. None of the proceeds will be available for distribution
to shareholders.
THE CERPLEX GROUP, INC.
(Registrant)
By: /S/ Richard Gallagher
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Name: Richard Gallagher
Title: President
Date: November 15, 2000
