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
January 4, 1996
Date of Report (Date of earliest event reported)
MASCO CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-5794 38-1794485
(State of other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
21001 Van Born Road, Taylor, Michigan 48180
(address of principal executive offices) (Zip Code)
(313) 274-7400
(Registrant's telephone number, including area code)
<PAGE>
Item 5. OTHER EVENTS
On January 4, 1996, the Registrant issued the press release attached as
Exhibit 99.a hereto with respect to the proposed divestiture of its Home
Furnishings Group.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits. The following exhibit is filed herewith:
99.a Press Release dated January 4, 1996
<PAGE>
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.
MASCO CORPORATION
By: /S/RICHARD G. MOSTELLER
Richard G. Mosteller
Senior Vice President -
Finance
Date: January 11, 1996
<PAGE>
EXHIBIT INDEX
99.a Press Release dated January 4, 1996
Exhibit 99.a
January 4, 1996
FOR IMMEDIATE RELEASE
MASCO CORPORATION ANNOUNCES TERMINATION OF
MORGAN STANLEY CAPITAL PARTNERS' PARTICIPATION
IN THE PURCHASE OF MASCO'S HOME FURNISHINGS GROUP
MASCO CORPORATION announced that it has agreed with Morgan Stanley Capital
Partners to terminate their participation in the purchase of MASCO's Home
Furnishings Group. MASCO intends to proceed with its plans to find a purchaser
of its home furnishings businesses, and continues to believe that it will obtain
a value for these businesses in excess of $1 billion.
Several potential investors have continued to express significant interest
in the acquisition of the Home Furnishings Group, and the Group's operating
results through November have equaled or exceeded MASCO's estimates provided to
prospective purchasers prior to MASCO's agreement with the Morgan Stanley
Capital Partners group.
MASCO's Home Furnishings Group includes such well-known brands as
Henredon, Drexel Heritage, Lexington, Universal, Berkline, Bench Craft,
Maitland-Smith and Robert Allen Fabrics.
MASCO CORPORATION manufactures home improvement, building and home
furnishings products for the home and family.
