ALPINE GROUP INC /DE/
8-K, 1999-08-23
DRAWING & INSULATING OF NONFERROUS WIRE
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



          August 6, 1999                                    1-9078
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          Date of Report                            Commission File Number
(Date of earliest event reported)



                             THE ALPINE GROUP, INC.
             (Exact name of registrant as specified in its charter)



            Delaware                                   22-1620387
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(State or other jurisdiction of          (I.R.S. Employer Identification Number)
 incorporation or organization)





                                  1790 Broadway
                          New York, New York 10019-1412
         -------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (212) 757-3333
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              (Registrant's telephone number, including area code)


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Item 2.     Acquisition or Disposition of Assets.

      On August 6, 1999, The Alpine Group,  Inc. (the  "Company")  completed the
sale of Premier  Refractories  International  Inc.,  the Company's  former 83.4%
owned  subsidiary  engaged  in the  refractories  manufacture  and  installation
business  ("Premier"),  to Cookson Group plc, a company organized under the laws
of England  whose  shares are traded on the London Stock  Exchange  ("Cookson"),
through the merger of PRI Acquisition,  Inc.,  Cookson's wholly owned subsidiary
("PRI"),  into  Premier  (the  "Merger")  pursuant to an  Agreement  and Plan of
Merger, dated as of May 28, 1999 (the "Merger Agreement"),  among Cookson,  PRI,
the Company and  Premier.  In  connection  with the Merger,  Cookson  assumed or
repaid all of Premier's  existing  indebtedness and issued  32,315,888  ordinary
shares of Cookson and paid  approximately  $15.6 million in cash to the Company.
Pursuant to an agreement with the former minority  stockholders of Premier,  the
Company purchased the 16.6% interest of such stockholders in Premier immediately
prior to the effective time of the Merger for a purchase price of  approximately
$31.1 million in cash.  In addition,  the Company also received from Premier the
right to receive  from  Minerals  Trading,  Inc.  in the year 2001 a  contingent
payment based upon the earnings through 2000 of the American Minerals  business,
which was spun-off to Minerals Trading, Inc. by American Premier Holdings,  Inc.
concurrently with the Company's  acquisition of American Premier Holdings,  Inc.
in January 1998. The terms of the Merger,  including the amount of consideration
paid in connection therewith, were the result of arms-length negotiation between
the Company and  Cookson.  For further  information  with respect to the Merger,
reference is made to the Merger  Agreement,  which is Exhibit 1 hereto and which
is incorporated herein by reference.

Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.


(a)   Not applicable.

(b) In accordance  with  Instruction 4 of this Item 7, any financial  statements
required by this Item will be filed by an amendment  to this  initial  report on
Form 8-K not later than 60 days after the date that this  report is  required to
be filed.

(c)   Exhibits

      Exhibit 1 - Agreement and Plan of Merger,  dated as of May 28, 1999, among
Cookson Group plc, PRI  Acquisition,  Inc.,  The Alpine Group,  Inc. and Premier
Refractories  International  Inc.  (incorporated  herein by reference to Exhibit
2(o) to the Annual  Report on Form 10-K of the Company for the fiscal year ended
April 30, 1999).



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                                  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.


Dated: August 23, 1999              THE ALPINE GROUP, INC.



                                    By:   /s/ David S. Aldridge
                                          --------------------------------------
                                          David S. Aldridge
                                          Chief Financial Officer

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                                  EXHIBIT INDEX



  Exhibit                               Description
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      1       Agreement  and Plan of  Merger,  dated as of May 28,  1999,  among
              Cookson Group plc, PRI Acquisition,  Inc., The Alpine Group,  Inc.
              and Premier Refractories  International Inc.  (incorporated herein
              by reference to Exhibit 2(o) to the Annual  Report on Form 10-K of
              the Company for the fiscal year ended April 30, 1999).


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