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 8, 1999
NALCO CHEMICAL COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 1-4957 36-1520480
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Nalco Center, Naperville, Illinois 60563-1198
(Address of principal executive offices)
(630) 305-1000
(Registrant's telephone number, including area code)
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Item 1. Change in Control of Registrant.
The offer (the "Offer") by H2O Acquisition Co., a Delaware corporation
and an indirect, wholly owned subsidiary of Suez Lyonnaise des Eaux, a societe
anonyme organized under the laws of the Republic of France, to purchase all the
issued and outstanding shares (the "Shares") of (i) the registrant's common
stock at $53 per share and (ii) the registrant's Series B ESOP Convertible
Preferred Stock at $1060 per share, in each case, in cash, without interest
thereon, expired as scheduled at 12:00 midnight, New York City time, on Monday,
November 8, 1999. On Tuesday, November 9, 1999, effective as of 12:01 a.m. all
Shares validly tendered and not withdrawn prior to the expiration of the Offer
were accepted for payment. Suez Lyonnaise des Eaux and H2O Acquisition Co. have
announced the completion of the Offer through a press release dated November 9,
1999.
The press release is filed as an exhibit to this Form 8-K; is incorporated
by reference into the text of this Item 1; and qualifies the description in this
Item 1 in its entirety.
Item 7. Financial Statements and Exhibits.
99.01 Press Release dated November 9, 1999 (filed herewith).
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EXHIBIT INDEX
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Exhibit
No. Description
- -------- -----------
99.01. Press Release dated November 9, 1999 (filed herewith).
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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.
NALCO CHEMICAL COMPANY
Date: November 9, 1999 /s/ Suzzanne J. Gioimo
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Name: Suzzanne J. Gioimo
Title: Corporate Secretary
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Exhibit 99.01.
SUEZ LYONNAISE DES EAUX NEWS
Tuesday, November 9, 1999
Suez Lyonnaise des Eaux Completes Tender Offer for Nalco
Paris, France and Naperville, Illinois -- Suez Lyonnaise des Eaux (Paris
Bourse: LY), a world leader in private infrastructure services, today announced
that it has successfully completed its tender offer for shares of Nalco Chemical
Company (NYSE: NLC), a leading provider of water treatment services and
products. The tender offer expired at 12:00 midnight, New York City time, on
Monday, November 8, 1999.
Based on preliminary information, 66,195,851.711 shares of common stock of
Nalco (including 907,700 shares tendered pursuant to notices of guaranteed
delivery) and 346,606.379 shares of Series B ESOP Convertible Preferred Stock of
Nalco were validly tendered under the terms of the offer. All shares validly
tendered were accepted for payment at a price of $53.00 per share of Common
Stock and $1,060.00 per share of Series B ESOP Convertible Preferred Stock. Upon
payment for the tendered shares, Suez Lyonnaise will own approximately 97.1
percent of the outstanding share capital of Nalco on a fully diluted basis.
With annual revenues of $32.5 billion, Suez Lyonnaise is a world leader
in private infrastructure services, with operations in more than 120 countries.
It is a market leader in the water sector, supplying drinking water to 85
million people and providing wastewater services to 57 million people. The three
global core business sectors of Suez Lyonnaise are: energy, water, and waste
services.
Based in Naperville, Illinois, outside of Chicago, Nalco Chemical employs
7,000 people of which about 3,600 are engineers and technicians with direct
customer contact and 300 are researchers located in five R&D centers.
Contact: John Ferguson Graham Jackson Paul Cholette
Morrow & Co. for Nalco Chemical Nalco Chemical
Suez Lyonnaise (630) 305-1365 (630) 305-1147
(212) 754-8000
