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): June 23, 2000
LILLY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana
(State or other jurisdiction of incorporation)
0-6953 35-0471010
(Commission File No.) (IRS Employer Identification No.)
200 West 103rd Street
Indianapolis, Indiana 46290
(Address of principal executive offices, including ZIP code)
(317) 814-8700
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On June 23, 2000, Lilly Industries, Inc. ("Lilly") and The Valspar
Corporation ("Valspar") announced that they have entered into a merger agreement
under which Valspar will acquire Lilly for $31.75 in cash for each share of
Class A common stock and Class B common stock of Lilly. The transaction is
structured as a merger of Lilly with a subsidiary of Valspar and is subject to
the approval of Lilly stockholders as well as regulatory and other customary
closing conditions.
Copies of the merger agreement and press release announcing this
transaction are attached as exhibits hereto and are incorporated herein by
reference. This summary is qualified by reference to the exhibits attached
hereto.
Item 7. Financial Statements, Pro Forma Financial Statements, and Exhibits
(c) Exhibits.
2.1 Agreement and Plan of Merger, dated as of June 23,
2000, among Lilly Industries, Inc., The Valspar
Corporation and Val Acquisition Corp.
99.1 Press Release, dated as of June 26, 2000, jointly
issued by Lilly Industries, Inc. and The Valspar
Corporation.
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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.
Dated: June 26, 2000
LILLY INDUSTRIES, INC.
By: /s/ Douglas W. Huemme
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Name: Douglas W. Huemme
Title: Chairman and Chief Executive Officer
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EXHIBIT LIST
Exhibit Description
No. -----------
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2.1 Agreement and Plan of Merger, dated as of June 23, 2000, among Lilly
Industries, Inc., The Valspar Corporation and Val Acquisition Corp.
99.1 Press Release, dated as of June 26, 2000, jointly issued by Lilly
Industries, Inc. and The Valspar Corporation.
