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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
Date of Report: April 30, 1999
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HARMON INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Missouri
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(State or other jurisdiction of incorporation)
0-7916
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(Commission File Number)
44-0657800
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(IRS Employer Identification Number)
1600 NE Coronado Drive, Blue Springs, Missouri 64014
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(Address of principal executive offices)
(816) 229-3345
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(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 30, 1999, the Registrant ('Harmon Industries, Inc.' or 'Harmon')
acquired 70% of the issued and outstanding shares of Angiolo Siliani S.p.A.
and 40% of the issued and outstanding shares of Siliani Elettronica ed
Impianti S.p.A., privately owned companies based in Florence, Italy
(collectively, 'Siliani'). As a result of an existing 60% ownership by
Angiolo Siliani S.p.A. of Siliani Elettronica ed Impianti S.p.A., Harmon
therefore acquired an additional 42% indirect interest in Siliani Elettronica
ed Impianti S.p.A. for a total direct and indirect ownership of 82%.
Total consideration for the acquisitions consisted of $4.6 million in cash
and 224,137 common shares of Harmon which contain trading restrictions of
either three or five years. Funds for the cash portion of the consideration
were provided by Harmon's existing $75 million bank credit agreement.
Siliani is a technological leader in the Italian rail market and was the
largest independent railroad signal supplier in Italy prior to the
acquisitions. The companies, which will be renamed Siliani Harmon, operate
from locations in Florence and Genoa, Italy.
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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.
HARMON INDUSTRIES, INC.
(Registrant)
Date: May 13, 1999 By: /s/ Charles M. Foudree
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Charles M. Foudree
Executive Vice President-
Finance
Date: May 13, 1999 By: /s/ Stephen L. Schmitz
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Stephen L. Schmitz
Vice President-Controller
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