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): April 1, 1999
Aqua Alliance Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 3-017921 13-3418759
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) (File Number) Identification No.)
30 Harvard Mill Square, Wakefield, Massachusetts 01880
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (781) 246-5200
No change
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS
On April 1, 1999, Aqua Alliance Inc. ("AAI") announced that
Vivendi ("Vivendi"), its largest stockholder, had on such date submitted to
members of a Special Committee of AAI's Board of Directors a proposal to
take AAI private for $2.00 per share in cash for each outstanding share
of Class A Common Stock. The formation of the Special Committee has been
formally authorized by AAI's Board of Directors for the purpose of
examining issues arising from the announcement on March 22 by Vivendi that
it had agreed to acquire United States Filter Corporation. The Special
Committee is made up of the two independent directors of AAI. On April 1,
1999, AAI issued a press release concerning the offer and the formation of
the Special Committee. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits
99.1 Press release of AAI dated April 1, 1999.
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.
AQUA ALLIANCE INC.
By: /s/ Alain Brunais
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Name: Alain Brunais
Title: Senior Vice President and
Chief Financial Officer
Date: April 1, 1999
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
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99.1 Press release of AAI dated April 1, 1999. 5
EXHIBIT 99.1
Contact: Robert S. Volland FOR IMMEDIATE RELEASE
Aqua Alliance April 1, 1999
781-246-5200
WAKEFIELD, MASSACHUSETTS, April 1, 1999 -- Aqua Alliance Inc. (AMEX:
AAI) announced that Vivendi has today submitted to members of a Special
Committee of Aqua Alliance's Board of Directors a proposal to take Aqua
Alliance private for $2.00 per share of Class A Common Stock. Vivendi is
Aqua Alliance's largest shareholder, beneficially owning approximately 83%
of Aqua Alliance's outstanding common stock. The formation of the Special
Committee has been formally authorized by the Board of Directors for the
purpose of examining issues arising from the announcement on March 22 by
Vivendi that it had agreed to acquire United States Filter Corporation. The
Special Committee is made up of the two independent directors of Aqua
Alliance.
Aqua Alliance provides a comprehensive range of services and
technologies for the engineering, design and construction of water and
wastewater facilities; the remediation of hazardous waste; and the
operation, maintenance and management of water and wastewater treatment
systems. These services are provided to a full range of government and
industrial clients. Aqua Alliance is an affiliate of Vivendi, the world's
largest water company.
