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 22, 1998
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ACORN HOLDING CORP.
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(Exact name of registrant as specified in charter)
Delaware 814-29 59-2332857
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(State or other jurisdic- (Commission (IRS employer
Tien of incorporation) file number) identification no.)
100 Park Avenue, 23rd Floor, New York, NY 10017
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 685-5654
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
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On January 22, 1998, the Registrant announced that it had
repurchased 1,300,000 shares of its common stock, from Asset Value
Fund Limited Partnership, as per its press release annexed as Exhibit
1 hereto.
Item 7. Exhibits.
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Exhibit 1 - Press Release of Registrant dated January 22,
1998
SIGNATURE
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.
Dated: January 26, 1998
ACORN HOLDING CORP.
By:Stephen A. Ollendorff
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Stephen A. Ollendorff
Chairman and
Chief Executive Officer
ACORN HOLDING CORP.
100 Park Avenue 107 Cherry Street
New York, NY 10017-5582 New Canaan, CT 06840
(212) 685-5654 (203) 966-8220
(212) 213-1199 (FAX) (203) 966-1704 (FAX)
Contact: Stephen A. Ollendorff
212-685-5654
FOR IMMEDIATE RELEASE
ACORN ANNOUNCES BUY-BACK OF SHARES
New York, New York, January 22, 1998--Acorn Holding Corp. (formerly Acorn
Venture Capital Corporation) ("Acorn"), whose stock is traded on the NASDAQ
Small-Cap Market under the symbol AVCC, announced that, for an aggregate
consideration of $2,060,000, it had repurchased 1,300,000 shares of its
common stock (approximately 22% of the outstanding common stock) from Asset
Value Fund Limited Partnership and had entered into a "standstill
agreement" with Asset Value and one of its principals.
Stephen A. Ollendorff, Chief Executive Officer of Acorn, stated that "the
repurchase by Acorn of its shares was part of the previously announced
repurchase program and that, subject to market conditions and liquidity
requirements, Acorn would continue to implement the repurchase program."
