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): October 3, 2000
(October 2, 2000)
FRANKLIN RESOURCES, INC.
(Exact name of registrant as specified in its charter)
.... DELAWARE....................1-9318...............13-2670991...
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 MARINERS ISLAND BLVD., SAN MATEO, CALIFORNIA........ 94404...
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code.(650) 312-3000
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS
On October 2, 2000, pursuant to an offer to purchase all of the outstanding
shares of Bissett & Associates Investment Management Ltd. ("Bissett"), FTI
Acquisition Inc., a wholly-owned subsidiary of Templeton Management Limited, an
indirect, wholly-owned subsidiary of Franklin Resources, Inc., acquired
6,817,817 common shares, representing 98.1% of the issued and outstanding shares
of Bissett, for CDN$20.50 per share (equivalent to approximately $US 13.62).
Pursuant to Canadian law, FTI intends to exercise its right to acquire the
remaining 1.9 % outstanding Bissett shares (subject to any appraisal rights that
may be asserted as to the amount to be paid for the remaining shares.).
The cash transaction is valued at approximately CDN $140 million (equivalent to
approximately US $93 million) plus a special dividend of CDN $0.48 per share to
be paid by Bissett from its retained earnings to shareholders of record as of
September 28, 2000.
SIGNATURES
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.
FRANKLIN RESOURCES, INC.
(Registrant)
Date: October 3, 2000 /s/ Leslie M. Kratter
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LESLIE M. KRATTER
Senior Vice President
