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): November 12, 1999
CORDANT TECHNOLOGIES INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-6179 36-2678716
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
15 W. South Temple, Suite 1600
Salt Lake City, Utah 84101-1532
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (801) 933-4000
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ITEM 5. OTHER EVENTS
On November 12, 1999, Cordant Technologies Inc. ("Cordant") issued a press
release announcing that it had made a proposal to the board of directors of
Howmet International Inc. ("Howmet") to acquire all of the outstanding shares of
Howmet not currently owned by Cordant for a price of $17.00 per share in cash,
and that Cordant had requested that Howmet's board of directors refer the
proposal to its Committee of Independent Directors for its review and
consideration. Cordant currently owns approximately 84.6% of the outstanding
Howmet shares. The text of Cordant's press release is filed as Exhibit 99.1
hereto and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits. The following exhibits are filed as part of this report:
99.1 Press release, dated November 12, 1999, issued by
Cordant Technologies Inc.
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SIGNATURE
Pursuant to the requirements of Section 12 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.
Dated: November 12, 1999
CORDANT TECHNOLOGIES INC.
By: /s/ Edwin M. North
Name: Edwin M. North
Title: Vice President and
Corporate Secretary
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EXHIBIT INDEX
Exhibit
Number Description
99.1 Press release, dated November 12, 1999, issued by Cordant
Technologies Inc.
Exhibit 99.1
CORDANT TECHNOLOGIES INC. PROPOSES TO ACQUIRE PUBLICLY TRADED HOWMET
INTERNATIONAL INC. SHARES FOR $17.00 PER SHARE
SALT LAKE CITY, UT, NOVEMBER 12, 1999 - Cordant Technologies Inc. (CDD-NYSE)
announced today that it has made a proposal to the board of directors of Howmet
International Inc. to acquire all of the outstanding shares of Howmet not
currently owned by Cordant for a price of $17.00 per share in cash, or a total
of approximately $261 million. Cordant currently owns approximately 84.6 percent
of the 100 million outstanding Howmet shares. Howmet also has issued stock-based
management incentives equivalent to 4.3 million shares.
Cordant requested that Howmet's board of directors refer the proposal to its
Committee of Independent Directors for its review and consideration.
Cordant Technologies Inc. is a strategically balanced global business.
Cordant Technologies' Howmet International Inc. subsidiary is a global
manufacturer of aircraft and IGT engine components; its Huck International
subsidiary is a leading designer and manufacturer of high performance
proprietary fasteners and installation systems; and its Thiokol Propulsion
division is the leading producer of solid propulsion systems.
CONTACT:
Lauren Sides
Public Relations
801-933-4193
[email protected]
