SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 2, 1995
SILGAN CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-11200 06-1207662
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
4 Landmark Square, Stamford, Connecticut 06901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 975-7110
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Item 5: Other Events.
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On June 2, 1995, Silgan Containers Corporation ("Containers"), a Delaware
corporation and wholly owned subsidiary of Silgan Corporation ("Silgan"), a
Delaware corporation, entered into a purchase agreement with American National
Can Company ("ANC"), a Delaware corporation, pursuant to which Containers has
agreed to purchase from ANC, and ANC has agreed to sell to Containers, the
assets of ANC's Food Metal & Specialty business, which had sales of
approximately $597 million in 1994 and which manufactures, markets and sells
metal food containers and rigid plastic containers for a variety of food
products and metal caps and closures for food and beverage products (the
"Business"), subject to certain excluded assets. In connection with such
acquisition, Containers has agreed to assume certain liabilities of the
Business. The closing for such acquisition is scheduled to occur no later than
December 31, 1995, but is subject to Silgan having completed the financing for
such acquisition and the expiration or termination of all applicable waiting
periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended. Silgan intends to finance such acquisition by refinancing its senior
secured indebtedness with a bank credit facility.
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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.
SILGAN CORPORATION
By:/s/ Harley Rankin, Jr.
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Harley Rankin, Jr.
Executive Vice President,
Chief Financial Officer
and Treasurer
Date: June 9, 1995
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