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UNITED STATES
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) October 8, 1996
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OROAMERICA, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21862 94-238534
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
443 North Varney Street
Burbank, California 91502
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (818) 848-5555
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ITEM 5. OTHER EVENTS.
On October 8, 1996, the registrant released the information filed
herewith as Exhibit 99.1.
ITEM 7. EXHIBITS.
99.1 Press release issued by the registrant on October 8, 1996.
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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.
Date: October 23, 1996 OROAMERICA, INC.
By: /s/ SHIU SHAO
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Shiu Shao, Vice President and
Chief Financial Officer
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EXHIBIT 99.1
NEWS RELEASE
For: OROAMERICA
Contact: Shiu Shao, Chief Financial Officer FOR RELEASE IMMEDIATELY
Ph: (818) 848-5555
OROAMERICA ANNOUNCES MERGER DISCUSSIONS
BURBANK, CA, October 8, 1996 - OroAmerica, Inc. (NASDAQ NMS Symbol:
OROA), the nation's largest manufacturer and distributor of karat gold
products, announced today that it has retained Koffler & Company of Los
Angeles, California, to advise it concerning methods to enhance stockholder
value.
Guy Benhamou, Chairman and Chief Executive Officer of OroAmerica,
stated that, as part of its services, Koffler & Company is assisting OroAmerica
in discussions of a possible merger with Michael Anthony Jewelers, Inc.
(ASE:MAJ), also a leading manufacturer of gold jewelry. Mr. Benhamou added that,
although the discussions are in a preliminary stage, the companies have
discussed merger consideration of $7.50 in a combination of cash and Michael
Anthony Jewelers stock for each OroAmerica share.
OroAmerica's product lines include more than 1,800 styles of gold
chains, earrings, bracelets, rings and charms. The Company also markets a line
of silver jewelry products. Founded in 1977, OroAmerica sells products to more
than 900 customers through its retail and wholesale divisions and operates
manufacturing and office facilities with over 67,000 square feet in Burbank,
California.
