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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) FEBRUARY 20, 1998
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CONTINENTAL CIRCUITS CORP.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
0-25554 86-0267198
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(Commission File Number) (I.R.S. Employer Identification No.)
3502 EAST ROESER ROAD, PHOENIX, ARIZONA 85040
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(Address of Principal Executive Offices) (Zip Code)
(602) 268-3461
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On February 20, 1998, Continental Circuits Corp. (Nasdaq: CCIR)
announced that Hadco Corporation (Nasdaq: HDCO) has commenced its tender offer
to acquire all outstanding common shares of the Company at $23.90 cash net per
share. The offer is scheduled to expire at 12:00 midnight, EST, Thursday, March
19, 1998, unless extended.
Consummation of the offer is subject to there having been validly
tendered and not withdrawn prior to the expiration of the offer a number of
shares which constitute at least 90% of the shares outstanding on a
fully-diluted basis, the expiration or termination of all applicable waiting
periods under the Hart-Scott Rodino Antitrust Improvement Act of 1976, and other
customary conditions.
The Board of Directors of Continental has unanimously determined that
the offer is fair to, and in the best interests of the Company and its
stockholders. The Board also unanimously recommended that the Company's
stockholders accept the offer and tender all of their shares.
The offer should be followed by a merger in which all
remaining outstanding shares of Continental would be converted into the right to
receive $23.90 cash per share.
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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.
CONTINENTAL CIRCUITS CORP.
February 23, 1998 By /s/ Joseph G. Andersen
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Joseph G. Andersen
Vice President - Finance and
Chief Financial Officer
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