UNITED STATES
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 (Date of earliest event reported) June 14, 1995
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MAGMA COPPER COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 1-10122 86-0219794
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(State of other jurisdiction (Commission (IRS Employer
of incorporation File Number Identification No.)
7400 North Oracle Road, Suite 200, Tucson, Arizona 85704
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (520) 575-5600
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Not Applicable
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On May 16, 1995, Magma Copper Company (the "Company") announced
its offer (the "Offer") to purchase any and all of its outstanding Common stock
Warrants, $8.50 Exercise Price (the "Warrants"), listed on the New York Stock
Exchange. The Company agreed to pay $8.25 in cash per Warrant properly tendered
and accepted.
The Offer expired at 12:00 midnight Eastern Time on Wednesday,
June 14, 1995. Of the approximately 4.1 million Warrants outstanding at
commencement of the Offer, approximately 3.9 million Warrants were tendered and
purchased in the Offer, resulting in an aggregate purchase price for the
Warrants of $32 million.
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.
Date: June 23, 1995
MAGMA COPPER COMPANY
a Delaware corporation
By: /s/ Douglas J. Purdom
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Its: Vice President and
Chief Financial Officer
