SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 4, 1995
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Commission file number 33-27126
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PEEBLES INC.
Virginia 54-0332635
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(State of Incorporation) (I.R.S. Employer
Identification No.)
One Peebles Street
South Hill, Virginia 23970-5001 (804) 447-5200
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(Address of principal executive offices) (Telephone Number)
Item 5. Other Events
On April 4, 1995, Peebles Inc. Announced that it has signed an
agreement to be acquired by PHC Retail Holding Company ("PHC
Retail"), an affiliate of Kelso & Company, Inc., an investment
firm located in New York City. The transaction provides for the
merger of a subsidiary of PHC Retail into Peebles and the receipt
of cash by shareholders of Peebles. The closing of the
transaction is subject to a number of conditions, including
regulatory and shareholder approval, and is expected to be
completed in May.
Peebles Inc. Is headquartered in South Hill, Virginia and
currently operates 58 department stores located in 10
southeastern and middle Atlantic states.
This same information was released to the press on April 4, 1995
via the Dow Jones Wire Service.
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 hereunto duly authorized.
PEEBLES INC.
Dated: April 5, 1995 By: /s/ Michael F. Moorman
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Michael F. Moorman
President and Chief Executive
Officer (Principal Executive
Officer)
By: /s/ E. Randolph Lail
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E. Randolph Lail
Chief Financial Officer,
Senior Vice President-Finance
Treasurer and Secretary
(Principal Financial Officer)
