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
Date of Report (Date of earliest event reported) January 13, 1997
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Newcor, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-5985 38-0865770
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(State or other (Commission (IRS Employer
jurisdiction) File Number) Identification No.)
1825 S. Woodward Avenue, Suite 240, Bloomfield Hills, MI 48302
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (810) 253-2400
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(Former name or former address, if changed since last report)
ITEM 5 OTHER EVENTS
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On January 13, 1997, Newcor, Inc. (the Company) purchased for cash the
common stock of Plastronics Plus, Inc. (Plastronics).
The purchase price was approximately $8 million and was determined by
arms-length negotiations between unrelated parties.
Financing for the purchase was obtained through the Company's existing
line of credit facility.
Plastronics is a leading custom plastic injection molding company whose
prinicpal market is the automotive industry.
Newcor intends to continue employing these assets in the same lines of
business.
This acquisition does not meet the significant subsidiary test of Rule
1-02(w) of Regulation S-X.
SIGNATURES
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.
Newcor, Inc.
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(Registrant)
Date January 27, 1997 /s/ John Garber
---------------- John Garber
Vice President-Finance
