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):
September 27, 1995
PACIFICORP
(Exact name of registrant as specified in its charter)
State of Oregon 1-5152 93-0246090
(State of Incorporation) (Commission (I.R.S. Employer
File No.) Identification No.)
700 NE Multnomah, Suite 1600, Portland, Oregon 97232-4116
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code:
(503) 731-2000
No Change
(Former Name or Former Address, if changed since last report)
<PAGE>
Item 5. Other Events
Information relating to the consummation of the previously
announced merger agreement among Pacific Telecom, Inc., Pacifi-
Corp Holdings, Inc. and a wholly owned subsidiary of PacifiCorp
Holdings, Inc., as contained in a news release issued by the
Registrant on September 27, 1995 is incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits.
(21) Joint PacifiCorp and Pacific
Telecom, Inc. news release issued
by Registrant on September 27,
1995.
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.
PACIFICORP
(Registrant)
By DANIEL L. SPALDING
---------------------------------
Daniel L. Spalding
Senior Vice President
Date: September 27, 1995
<PAGE>
EXHIBIT INDEX
Sequential
Exhibit No. Description Page No.
- ----------- ----------- --------
(c)(21) Joint PacifiCorp and
Pacific Telecom, Inc.
news release issued by
Registrant on September
27, 1995.
FOR IMMEDIATE RELEASE..BUSINESS & FINANCIAL EDITORS
..September 27, 1995
PACIFICORP AND PACIFIC TELECOM, INC. ANNOUNCE APPROVAL OF MERGER
PacifiCorp (NYSE:PPW) and Pacific Telecom, Inc. (Nasdaq
National Market:PTCM) jointly announced today the approval of the
merger of Pacific Telecom with a wholly owned subsidiary of
PacifiCorp Holdings, Inc. pursuant to which PacifiCorp Holdings
will acquire all of the outstanding shares of Pacific Telecom not
previously owned by it for $30 per share in cash. PacifiCorp
Holdings is a wholly owned subsidiary of PacifiCorp. As a result
of the merger, Pacific Telecom will be an indirect, wholly owned
subsidiary of PacifiCorp.
The merger was approved today at Pacific Telecom's
annual meeting by holders of a majority of the approximately
5.3 million shares held by unaffiliated public shareholders. In
addition, the shareholders of Pacific Telecom elected a total of
ten directors, including four new directors who were nominees of
PacifiCorp Holdings.
Shareholders of Pacific Telecom, Inc. common stock
should not send their certificates representing shares directly to
Pacific Telecom to receive payment of the merger consideration.
Instead, the shareholders will receive instructions regarding the
surrender of their shares for payment from LaSalle National Bank,
the Paying Agent appointed in connection with the merger. If you
have questions regarding procedures for surrendering your shares,
please contact LaSalle National Bank at (312) 904-2450.
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