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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Date of Report (Date of Earliest Event Reported) January 24, 1996
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number: 0-5256
GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 58-1351398
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
Two North Riverside Plaza
Chicago, Illinois 60606
(Address of Principal Executive Offices)
(312) 648-5656
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On January 24, 1996, Great American Management and Investment, Inc.'s
subsidiary, Eagle Industries, Inc. ("Eagle"), sold the stock of Burns
Aerospace Corporation ("Burns") to BE Aerospace, Inc. for cash proceeds of
$42.5 million, including $11.6 million for the purchase of accounts
receivable previously sold under Eagle's accounts receivable securitization
program. Eagle expects to record a net loss of approximately $55 million,
including the write-off of $51.7 million of goodwill, in conjunction with the
sale of Burns. Burns is a manufacturer of commercial aircraft seating.
ITEM 5. OTHER EVENTS
On January 30, 1996, Great American Management and Investment, Inc.'s
subsidiary, Eagle Industries, Inc., completed the tender offer for its Senior
Deferred Coupon Notes due 2003.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
Not applicable.
(b) Pro Forma Financial Statements
It is not practicable to provide the required pro forma financial
information at the time of the filing of this report. The required
pro forma financial information will be included in the Company's
Annual Report on Form 10-K.
(c) Exhibits
2.1 Acquisition Agreement dated December 14, 1995 among BE
Aerospace, Inc., Burns Aerospace Corporation, Eagle Industrial
Products Corporation, Eagle Industries, Inc. and Great
American Management and Investment, Inc. (Incorporated by
reference to Exhibit 1 of BE Aerospace, Inc.'s, Commission
File Number 0-18348, Current Report on Form 8-K, dated
December 14, 1995.)
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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 thereunto duly authorized.
GREAT AMERICAN MANAGEMENT AND
INVESTMENT, INC.
By: /s/ Sam A. Cottone
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Sam A. Cottone
Senior Vice President, Chief
Financial Officer & Treasurer
Dated: February 6, 1996
