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): March 24, 1995
PETRIE STORES CORPORATION
(Exact Name of Registrant as Specified in Charter)
New York 1-6166 36-213-7966
(State or Other Jurisdiction of (Commission) (I.R.S. Employer
Incorporation) File Number) Identification No.)
70 Enterprise Avenue, Secaucus, New Jersey 07094
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (201) 866-3600
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets.
On March 24, 1995, Petrie Stores Corporation, a
New York corporation ("Petrie"), made an initial
liquidating distribution (the "Distribution") to its
shareholders of an aggregate of 26,174,552 shares of
common stock, par value $.10 per share, of Toys "R" Us,
Inc., a Delaware corporation ("Toys Common Stock"), or
62.2% of the Toys Common Stock held by Petrie, pursuant
to Petrie's Plan of Liquidation and Dissolution. In the
Distribution, Petrie shareholders received, without
consideration, 0.5 of a share of Toys Common Stock for
every share of Petrie common stock, par value $1.00 per
share, held of record at the close of business on March
16, 1995.
Following the Distribution, Petrie holds
15,902,702 shares of Toys Common Stock. Petrie expects
to make another distribution of shares of Toys Common
Stock sometime later this year as Petrie's contingent
liabilities (the "Liabilities") are reduced. Prior to
such distribution, Petrie intends to enter into a hedge
arrangement pursuant to which Petrie will hedge the value
of its then remaining shares of Toys Common Stock.
Sometime during the second half of Petrie's current
fiscal year, but not later than January 24, 1996, Petrie
will place its then remaining shares of Toys Common Stock
in a liquidating trust and Petrie's shareholders will
become holders of beneficial interests in the liquidating
trust. Additional distributions of the shares of Toys
Common Stock held by Petrie will be made from time to
time to holders of beneficial interests in the
liquidating trust to the extent that such shares are not
needed to satisfy the Liabilities.
A copy of Petrie's Plan of Liquidation and
Dissolution was previously filed as an exhibit to
Petrie's Proxy Statement, dated as of November 17, 1995,
and is incorporated herein by reference.
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
thereunto duly authorized.
Dated: March 28, 1995
PETRIE STORES CORPORATION
By: /s/ Hilda Kirschbaum Gerstein
Hilda Kirschbaum Gerstein
President and Chief
Executive Officer
