SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
June 17, 1997
(Date of Report, date of earliest event reported)
VALHI, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-5467 87-0110150
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
Address of principal executive offices) (Zip Code)
(972) 233-1700
(Registrant's telephone number, including area code)
Not applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On June 17, 1997, the Registrant issued the press release attached
hereto as Exhibit 99.1 which is incorporated herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibit
Item No. Exhibit Index
99.1 Press release dated June 17, 1997
issued by the Registrant
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.
VALHI, INC.
(Registrant)
By:/s/ Steven L. Watson
Steven L. Watson
Vice President & Secretary
Date: June 17, 1997
[VALHI LOGO]
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
VALHI, INC. STEVEN L. WATSON
THREE LINCOLN CENTRE VICE PRESIDENT
5430 LBJ FREEWAY (972) 233-1700
DALLAS, TEXAS 75240-2697 (972) 239-0142 (FAX)
VALHI ANNOUNCES LITIGATION DEVELOPMENT
Dallas, Texas . . . June 17, 1997 . . . Valhi, Inc. (NYSE: VHI) announced
today that the Delaware Supreme Court has reversed and remanded for further
proceedings the previously announced trial court ruling in favor of the defense
in the stockholder derivative case of Kahn v. Tremont Corporation, et al. The
suit was originally filed in 1991 following the purchase by Tremont Corporation
(NYSE: TRE) of 7.8 million common shares of NL Industries, Inc. (NYSE: NL) from
Valhi, then the principal stockholder of Tremont. The defendants in the action
include Valhi and the members of Tremont's board of directors. In March 1996,
the Delaware Court of Chancery ruled in favor of the defendants after a trial on
the merits. Valhi stated that it and the other defendants in the action will
continue their vigorous defense of the suit.
Valhi is engaged in the chemicals, component products and waste management
industries.
