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 Event: June 28, 1995
Date of Report (Date of earliest event reported): July 5, 1995
Joslyn Corporation
(Exact name of registrant as specified in charter)
Illinois 0-1252 36-3560095
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
30 South Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 454-2900
Not applicable
(Former name or former address, if changed since last report)
EXHIBIT INDEX ON PAGE 4
Page 1 of 4
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Item 2. Acquisition or Disposition of Assets
(a) Acquisition of Cyberex.
On June 28, 1995, the Registrant issued a press
release that it has acquired all of the issued and outstanding common
shares of Cyberex, Inc. The total cash purchase price of $22 million
was in accordance with an agreement announced previously. On June 19,
1995, Joslyn and Cyberex received early termination from the U.S.
Federal Trade Commission of the Hart-Scott-Rodino waiting period.
Item 7. Financial Statements and Exhibits.
20 Press Release of the Registrant issued June 28,
1995.
The Registrant is taking the automatic 60-day extension for
the filing of financial statements.
2
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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 thereunto duly authorized.
JOSLYN CORPORATION
/s/ Lawrence G. Wolski
_______________________
Lawrence G. Wolski
Acting Chief Executive Officer
Dated: July 5, 1995
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EXHIBIT INDEX
Exhibit
Number Description of Exhibit
20 Press Release of the Registrant issued June 28, 1995.
4
Exhibit 20
JOSLYN COMPLETES ACQUISITION OF CYBEREX, A LEADING MANUFACTURER
OF UNINTERRUPTIBLE POWER SYSTEMS AND STATIC TRANSFER SWITCHES
CHICAGO, ILLINOIS, JUNE 28, 1995 -- Joslyn Corporation (NASDAQ: JOSL)
announced today that it has acquired all of the issued and outstanding
common shares of Cyberex, Inc. The total purchase price of $22 million was
in accordance with an agreement announced previously. On June 19, 1995,
Joslyn and Cyberex received early termination from the U.S. Federal Trade
Commission of the Hart-Scott-Rodino waiting period.
Cyberex is a recognized leader in the innovation and production of
customized power solutions. Cyberex will continue to operate from its
facility in Mentor, Ohio as a wholly owned subsidiary of Joslyn. Joint
development projects among various Joslyn subsidiaries will enable Cyberex
to expand more easily into the electric utility and industrial markets.
Headquartered in Chicago, Joslyn Corporation is a leading designer and
manufacturer of electrical equipment, components and controls that provide
for the economical, safe and reliable delivery of high-quality electric
power. Joslyn focuses on niches in three core business areas: 1) power
quality, protection and controls, 2) power switches and related controls,
and 3) power and communications line protection and support products.
Founded in 1902, Joslyn serves a broad base of customers in electric utility,
industrial and telecommunications market worldwide. Joslyn's 1994 net sales
were $216 million.
CONTACT: William J. Rotenberry, Director, Corporate Development,
Joslyn Corporation, 312/454-2921.
