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) September 30, 2000
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VISKASE COMPANIES INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-5485 95-2677354
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(State or other jurisdiction of (Commission (I.R.S.
incorporation or organization) File No.) Employer
Identification
No.)
6855 West 65th Street, Chicago, Illinois 60638
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (708) 496-4200
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Page 1 of 4
Item 5. - Other Events
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On September 30, 2000, Viskase Companies, Inc. announced that its wholly
owned subsidiary, Viskase Corporation, reached a partial resolution with
American National Can and Pechiney Plastic Packaging relating to the
litigation between the parties entitled, Viskase Corporation v. American
National Can, and Pechiney Plastic Packaging, Inc. and Pechiney Packaging,
Inc. and Pechiney Emballage Flexible Europe v. Viskase Companies, Inc. and
Viskase Corporation. Pursuant to the agreement reached, Viskase will receive
a payment of $54.75 million immediately. In addition, an additional payment
of $60.25 million will be made to Viskase if the appellate court affirms the
monetary award in its entirety in the ANC Litigation. A copy of a press
release relating to the announcement is attached hereto as Exhibit 99.
Item 7. - Financial Statements and Exhibits
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(c) Exhibits
EX-99 Press release dated September 30, 2000.
SIGNATURES
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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.
VISKASE COMPANIES, INC.
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Registrant
By: /s/ Gordon S. Donovan
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Gordon S. Donovan
Vice President, Chief
Financial Officer and
Treasurer
October 6, 2000
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Exhibit No. Description of Exhibits Page
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EX-99 Press release dated September 30, 2000. 4
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EXHIBIT 99
VISKASE COMPANIES, INC. ANNOUNCES PARTIAL RESOLUTION WITH
AMERICAN NATIONAL CAN AND PECHINEY PLASTIC PACKAGING
CHICAGO, ILLINOIS, September 30, 2000 - Viskase Companies, Inc. (Nasdaq:
VCIC) today announced that its wholly owned subsidiary, Viskase Corporation
("Viskase"), has reached a partial resolution with American National Can and
Pechiney Plastic Packaging relating to the litigation between the parties
entitled, Viskase Corporation v. American National Can (the "ANC Litigation")
and Pechiney Plastic Packaging, Inc. and Pechiney Packaging, Inc. and
Pechiney Emballage Flexible Europe v. Viskase Companies, Inc. and Viskase
Corporation. Pursuant to the agreement reached, Viskase will receive a
payment of $54.75 million immediately. In addition, an additional payment of
$60.25 million will be made to Viskase if the appellate court affirms the
monetary award in its entirety in the ANC Litigation.
F. Edward Gustafson, President and Chief Executive Officer of Viskase,
stated, "This agreement allows Viskase to move forward without incurring
additional legal expenses and to focus on its cellulosic and other casings
business."
Viskase Companies, Inc. retains its major interest in the food packaging
industry through Viskase Corporation. Principal products manufactured are
cellulosic and nylon casings used in the preparation and packaging of
processed meat products.
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