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) July 6, 1999
AVONDALE INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Louisiana 0-16572 39-1097012
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
P.O. Box 50280, New Orleans, Louisiana 70816
(Address of principal executive offices) (Zip Code)
(504) 436-2121
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On July 6, 1999, Avondale Industries, Inc. issued the press release
filed herewith as Exhibit 99.1 announcing that the Federal Trade
Commission granted early termination of the pre-merger waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976
relating to the proposed merger of Avondale with Litton Industries,
Inc.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press release issued by the Registrant on July 6, 1999.
<PAGE>
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.
AVONDALE INDUSTRIES, INC.
By: /S/ THOMAS M. KITCHEN
Thomas M. Kitchen
Vice President and Chief Financial Officer
Dated: July 6, 1999.
[Avondale Industries, Inc. Letterhead]
IMMEDIATELY - July 6, 1999
Thomas M. Kitchen: (504) 436-5237
Eugene K. Simon, Jr.: (504) 436-5664
AVONDALE/LITTON RECEIVE EARLY TERMINATION OF HART-SCOTT-RODINO
WAITING PERIOD
NEW ORLEANS, LOUISIANA - Avondale Industries, Inc. (NASDAQ/NMS-AVDL)
announced today that on Friday, July 2, 1999, the Federal Trade Commission
granted early termination of the pre-merger waiting period under the
Hart-Scott-Rodino Act relating to the proposed merger of Avondale with
Litton Industries, Inc.
The acquisition is subject to approval by Avondale shareholders at a
special shareholders meeting scheduled for July 27, 1999 and other
customary closing conditions. The merger is anticipated to close shortly
afterwards.
Avondale Industries, Inc. based in metro New Orleans, designs, builds and
overhauls ships for the U.S. Navy, the U.S. Coast Guard and commercial
customers.
Litton is a leader in worldwide technology markets for advanced electronic,
defense and information systems, and is a major designer and builder of
surface combatant ships for the U.S. Navy and allied nations.
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