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) July 8, 1999
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THE B.F.GOODRICH COMPANY
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(Exact name of registrant as specified in charter)
New York 1-892 34-0252680
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4020 Kinross Lakes Parkway, Richfield, Ohio 44286-9368
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 330-659-7600
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Not Applicable
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(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events
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On July 8, 1999, The B.F.Goodrich Company, Coltec Industries Inc and
AlliedSignal Inc. jointly announced that they have settled the AlliedSignal
lawsuit opposing the merger between BFGoodrich and Coltec. Reference is made to
Exhibit 99 hereto which is a copy of the press release.
Item 7. Exhibits
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99 Press release dated July 8, 1999
SIGNATURE
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.
THE B.F.GOODRICH COMPANY
By /s/Nicholas J. Calise
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Nicholas J. Calise, Secretary
Dated: July 9, 1999
Exhibit 99
COMPANIES ANNOUNCE SETTLEMENT INVOLVING
BF GOODRICH/COLTEC MERGER
RICHFIELD, OHIO - July 8, 1999 - The BFGoodrich Company, Coltec Industries,
Inc., and AlliedSignal Inc. jointly announced today that they have settled the
AlliedSignal lawsuit opposing the merger between BFGoodrich and Coltec. Judge
Sharp has scheduled a hearing on Monday, July 12, at 1:30 p.m. to determine how
the Crane Co. lawsuit will proceed and whether the preliminary injunction will
continue.
The provisions of the settlement include business benefits to all
parties. BFGoodrich agrees to honor Coltec's strategic marketing alliance with
AlliedSignal for jointly marketing landing gear and wheels and brakes when
integrated system bids are requested. The strategic alliance will remain in
effect for the balance of the original ten-year term and appropriate safeguards
will be implemented to protect confidential information. In addition, BFGoodrich
will become AlliedSignal's landing gear supplier whenever AlliedSignal bids an
integrated system. Under the settlement agreement, AlliedSignal will also be
given the right of first refusal to purchase any material assets for the design,
testing or manufacture of landing gear that BFGoodrich decides to divest.
Other aspects of the settlement were not disclosed.
BFGoodrich Executive Vice President and President of BFGoodrich
Aerospace Marshall Larsen said, "The agreement with AlliedSignal will promote a
continuing relationship that will be beneficial to BFGoodrich, AlliedSignal and
the aerospace industry as a whole. We look forward to the continued growth of
our wheel and brake and other aerospace businesses."
AlliedSignal Aircraft Landing Systems Vice President and General
Manager Carl Montalbine stated, "This settlement agreement protects our wheel
and brakes business in South Bend by ensuring that AlliedSignal has long-term
access to landing gear and can continue to serve as a landing systems
integrator. The settlement provides both protections and new business
opportunities that will strengthen AlliedSignal's landing systems business."
For more information, contact:
At BFGoodrich: Rob Jewell (330) 659-7999 (office); (330) 666-0982 (home);
John Bingle (330) 659-7788
At Coltec: Kevin Ramundo (704) 423-7024 (office); (704) 552-5894 (home);
(704) 905-7892 (cell phone)
At AlliedSignal: Tom Crane (973) 455-4732
July 8, 1999
