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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): May 31, 1994
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Marshall & Ilsley Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 0-1220 39-0968604
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(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
770 North Water Street, Milwaukee, WI 53202
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (414) 765-7801
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
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On May 31, 1994, Valley Bancorporation ("Valley") merged (the
"Merger") with and into Marshall & Ilsley Corporation ("M&I"), pursuant to an
Agreement and Plan of Merger dated as of September 19, 1993 between Valley and
M&I (the "Merger Agreement"). Pursuant to the Merger Agreement, each
outstanding share of Valley common stock, $.50 par value (the "Valley Common
Stock"), was converted into 1.72 shares of M&I common stock, $1.00 par value
("M&I Common Stock"), with cash in lieu of fractional shares. On May 31,
1994, there were 20,771,197 shares of Valley Common Stock outstanding.
For further information with respect to the Merger, reference is
hereby made to the Joint Proxy Statement - Prospectus of M&I dated December
30, 1993, a copy of which was previously reported (within the meaning of
instruction B.3 to Form 8-K) by M&I in its Current Report on Form 8-K dated
February 23, 1994 and M&I's Press Release dated May 31, 1994 which is included
as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(a) Financial Statements of Businesses Acquired
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The following audited consolidated financial statements of Valley,
including the notes thereto, are contained in Valley's Annual Report on Form
10-K for the fiscal year ended December 31, 1993, which was previously
reported by M&I as Exhibit 99 to its Quarterly Report on Form 10-Q for the
fiscal quarter ended March 31, 1994:
Report of Independent Accountants
Consolidated Statements of Financial Position as of
December 31, 1993 and 1992
Consolidated Statements of Income for the years ended
December 31, 1993, 1992 and 1991
Consolidated Statements of Shareholders' Equity for the
years ended December 31, 1993, 1992 and 1991
Consolidated Statements of Cash Flows for the years
ended December 31, 1993, 1992 and 1991
Notes to Consolidated Financial Statements
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The following unaudited consolidated financial statements of
Valley, including the notes thereto, are contained in Valley's Quarterly
Report on Form 10-Q for the fiscal quarter ended March 31, 1994, which was
previously reported by M&I in its Current Report on Form 8-K dated May 17,
1994:
Consolidated Statement of Financial Position as of March 31, 1994
Consolidated Statements of Income for the three months ended March
31, 1994 and March 31, 1993
Consolidated Statements of Shareholders' Equity for the three
months ended March 31, 1994 and March 31, 1993
Consolidated Statements of Cash Flows for the three months ended
March 31, 1994 and March 31, 1993
Notes to Consolidated Financial Statements
(b) Pro forma Financial Information
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The following unaudited pro forma combined condensed financial
information was previously reported as Exhibits 99.1 and 99.2 to M&I's
Quarterly Report on Form 10-Q for the three months ended March 31, 1994:
Pro Forma Combined Condensed Balance Sheets as of March 31, 1994
Pro Forma Combined Condensed Income Statements for the three
months ended March 31, 1994 and March 31, 1993 and the year ended
December 31, 1993
The following unaudited pro forma combined condensed financial
information was previously reported in M&I's Current Report on Form 8-K dated
February 23, 1994:
Pro Forma Combined Condensed Income Statements for the years ended
December 31, 1992 and 1991
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(c) Exhibits
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Exhibit No. Description
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99.1 Press Release dated
May 31, 1994
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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 hereunto duly authorized.
Marshall & Ilsley Corporation
/s/ M.A. Hatfield
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M.A. Hatfield, Senior Vice
President and Secretary
Date: June 10, 1994
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Exhibit 99.1
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News Release
Marshall & Ilsley Corporation
770 North Water Street
Milwaukee, Wisconsin 53202
For release: Immediately
For further information: M. A. Hatfield (414) 765-7809
MARSHALL & ILSLEY CORPORATION ANNOUNCES COMPLETION OF ITS
ACQUISITION OF VALLEY BANCORPORATION
Milwaukee, WI -- May 31, 1994 -- Marshall & Ilsley Corporation today
announced the completion of its acquisition of Valley Bancorporation, a $4.6
billion holding company based in Appleton, Wisconsin.
Under the terms of the agreement, Valley shareholders will receive 1.72 shares
of M&I common stock for each share of Valley common stock held. The two
companies announced they had signed a definitive merger agreement on September
19, 1993.
Marshall & Ilsley Corporation, headquartered in Milwaukee, Wisconsin, will now
have over $12 billion in assets. The Corporation has 54 affiliated banks
serving the state from more than 225 banking offices and one bank in Phoenix,
Arizona with 12 offices. Marshall & Ilsley Corporation stock is traded on
NASDAQ under the symbol "MRIS."
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