SECURITIES AND EXCHANGE COMMISSION
Washington, DC. 20549
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) September 6, 1996
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UNOCAL 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)
1-8483 95-3825062
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(Commission File Number) (I.R.S. Employer Identification No.)
2141 Rosecrans Avenue, Suite 4000, El Segundo, California 90245
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(Address of Principal Executive Offices) (Zip Code)
(310) 726-7600
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
On September 6, 1996, the following news release was issued:
Unocal Announces Acceptance of All Tendered Shares
of $3.50 Convertible Preferred Stock
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El Segundo, Calif., Sept. 6, 1996 -- Unocal Corporation today announced
its acceptance of all shares of its $3.50 Convertible Preferred Stock that were
validly tendered in the company's previously announced exchange offer.
The exchange offer expired as of 12:00 midnight, New York City time, on
Sept. 5, 1996.
A preliminary count from Unocal's exchange agent, The Bank of New York,
indicates that approximately 9.3 million shares (more than 90 percent of the
outstanding shares) have been validly tendered in exchange for new, 6-1/4% Trust
Convertible Preferred Securities to be issued by Unocal Capital Trust. The
exchange is expected to be completed on Sept. 11, 1996.
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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, thereunto duly authorized.
UNOCAL CORPORATION
(Registrant)
Date: September 6, 1996 By: /s/ STANLEY Y. HANAOKA
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Stanley Y. Hanaoka
Assistant Comptroller
