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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
August 26, 1999
Date of Report (Date of earliest event reported)
THORN APPLE VALLEY, INC.
(Exact name of registrant as specified in its charter)
Michigan 000-06566 38-1964066
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
26999 Central Park Boulevard, Suite 300, Southfield, MI 48076
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (248) 213-1000
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Not Applicable
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(Former name or former address, if changed since last report)
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FORM 8-K
Item 2. Acquisition or Disposition of Assets.
On August 26, 1999, Thorn Apple Valley, Inc. ("TAV") completed the sale of
substantially all of its assets to IBP, inc. The consideration for the
transaction was approximately $109 million, which was used to repay certain
creditors of TAV and to pay certain costs and expenses associated with the
bankruptcy proceeding. IBP also assumed certain liabilities of TAV and its
subsidiaries in connection with the transaction. TAV filed a voluntary
petition for relief under Chapter 11 of the Federal Bankruptcy Code in the
United States Bankruptcy Court for the Eastern District of Michigan, Southern
Division (the "Court") on March 5, 1999. Chapter 11 pleadings were filed under
the name "In Re Thorn Apple Valley, Inc.", case number 99-43645.
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
THORN APPLE VALLEY, INC.
By: /s/ Ronald D. Risher
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Vice President and Corporate
Controller
Dated: September 1, 1999
