October 12, 1995
Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, NW
Stop 1-4
Washington, D.C. 20549-1004
Attention: Filing Desk
RE: Thiokol Corporation
Commission File No. 1-6179
Current Report on Form 8-K dated October 12, 1995
Ladies/Gentlemen:
This Form 8-K is being filed electronically on EDGAR pursuant to Item 5, Other
Events.
Sincerely,
s/R. Robert Harris
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R. Robert Harris
Enclosures
cc: New York Stock Exchange (w/manually signed copy of report)
Chicago Stock Exchange (w/manually signed copy of report)
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 12, 1995
Thiokol Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-6179 36-2678716
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Commission File Number (IRS Employer Identification No.)
2475 Washington Boulevard, Ogden, Utah 84401-2398
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(Address of principal executive offices) (Zip Code)
(801) 629-2000
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Registrant's Telephone Number
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ITEM 5 - OTHER EVENTS
News Release October 12, 1995
THIOKOL AND CARLYLE GROUP TO ACQUIRE HOWMET CORPORATION
Ogden, Utah, October 12, 1995 -- Thiokol Corporation and the Carlyle Group,
announced today the formation of a jointly owned affiliate to acquire Howmet
Corporation and certain of its affiliates, including the Cercast unit, from
Pechiney International, S.A., a multinational French firm. Howmet, headquartered
in Greenwich, Connecticut with annual revenues of approximately $900 million, is
a recognized world leader in the investment casting industry. The company
manufactures precision castings of superalloys and titanium, used primarily for
jet aircraft and industrial gas turbine engine components. The Cercast unit
manufactures aluminum and copper alloy investment castings for the commercial
aircraft and defense electronics industries. Howmet operates 30 facilities in
North America, Europe and Asia employing approximately 8,500 worldwide.
The total purchase price for Howmet and Cercast is $750 million. The sale
closing is expected in December.
The Carlyle Group, a Washington, D.C. based private merchant bank with
substantial holdings in the aerospace and defense industry, will own 51 percent
of the new company. Thiokol will own 49 percent and have an option to purchase
all of Carlyle's interest in Howmet after three years.
James R. Wilson, Thiokol President and Chief Executive Officer, said, "The
Howmet investment with our partner Carlyle provides Thiokol with an excellent
opportunity to continue the strategic expansion of our business base into new
commercial aerospace and industrial markets. Howmet is a well managed, high
technology business with superior product lines. This investment, combined with
the option to acquire 100 percent of Howmet in the future, further enhances our
opportunity to grow Thiokol profitably and improve long-term shareholder value."
William E. Conway, Jr., a managing director of Carlyle, added, "The
complementary strengths of Thiokol and Carlyle will enable Howmet to continue
its already outstanding track record. This is a great transaction for all three
companies."
Thiokol Corporation (TKC-NYSE) is a major producer of solid propulsion
systems, ordnance and composite products for the space and defense industries,
and high-technology, proprietary fastening systems for aerospace and industrial
applications.
(END NEWS RELEASE)
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THIOKOL CORPORATION
(Registrant)
s/R. Robert Harris
Dated: October 12, 1995 By: _________________________________
R. Robert Harris
Vice President and
General Counsel
