SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported: APRIL 8, 1994
ALLEGHENY LUDLUM CORPORATION
(Exact name of registrant as specified in charter)
PENNSYLVANIA 1-9498 25-1364894
(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
1000 SIX PPG PLACE, PITTSBURGH, PENNSYLVANIA 15222-5479
(Address of principal executive offices) (Zip code)
Registrant's telephone number,
including area code: (412) 394-2800
Page 1 of 6 Pages
Exhibit Index Appears on Page 4
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ITEM 5. OTHER EVENTS
On April 8, 1994, Allegheny Ludlum Corporation (the "Company") issued
a press release regarding the entry by the United States District Court for
the Western District of Pennsylvania of an order adverse to the Company in
a case filed in 1989 by Allegheny International, Inc. which is being
pursued by Sunbeam-Oster Company, Inc. A copy of the press release is
attached hereto as Exhibit 99(a) and is incorporated herein by reference in
its entirety.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibits.
99(a) Press release dated April 8, 1994
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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.
ALLEGHENY LUDLUM CORPORATION
By: /s/ Jon D. Walton
--------------------------
Jon D. Walton
Vice President - General Counsel
and Secretary
Dated: April 8, 1993
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION PAGE NO.
99(a) Press release dated April 8, 1993 5
Page 4 of 6 Pages
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Exhibit 99(a)
NEWS RELEASE [ALLEGHENY LUDLUM CORPORATION LOGO]
Executive and General Offices
Six PPG Place
Pittsburgh, PA 15222-5479
- ---------------------------------------------------------------------------
FOR RELEASE: April 8, 1993 Contact: Bert Delano
412/394-2813
Pittsburgh, PA - Allegheny Ludlum Corporation announced today that the
United States District Court for the Western District of Pennsylvania had
issued an order adverse to the Company in a case filed in 1989 by Allegheny
International, Inc. which is being pursued by Sunbeam-Oster Company, Inc.
The case involves claims for reimbursement of various alleged insurance
coverage costs and recovery of a refund received by Allegheny Ludlum with
respect to a federal income tax overpayment. The order, which granted a
motion for summary judgment filed by Sunbeam-Oster, would require Allegheny
Ludlum to pay approximately $8.0 million to Sunbeam-Oster. The award
consists of the amount of the tax refund, the insurance cost claim and
interest.
A spokesman for Allegheny Ludlum expressed disbelief at the decision and
stated that the Company will promptly appeal the ruling. The Company
continues to believe that Sunbeam-Oster's
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claims are without merit and will continue to defend the case vigorously.
A successful appeal of the District Court's ruling would result in a
judgment in favor of Allegheny Ludlum or the case proceeding to trial.
The case arose out of the 1980 management-led buy out of Allegheny Ludlum
from Allegheny International. Sunbeam-Oster is the successor to
Allegheny International following Allegheny International's bankruptcy
reorganization. Sunbeam-Oster has claimed that it was entitled to the tax
refund and insurance reimbursement that is the subject of the litigation
under the terms of the stock purchase agreement between Allegheny Ludlum
and Allegheny International. Allegheny Ludlum maintains that all of the
claims were extinguished as a result of the 1986 transaction in which
Allegheny Ludlum redeemed Allegheny International's remaining interest in
Allegheny Ludlum and Allegheny International released Allegheny Ludlum from
all claims related to the acquisition.
Allegheny Ludlum is a leading producer of a wide range of specialty
materials including stainless steels, electrical steels and high technology
alloys. The Company, which reported sales of over $1 billion in 1993, is
listed on the New York Stock Exchange (Symbol: ALS).
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