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): February 11, 2000
REYNOLDS METALS COMPANY
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(Exact name of Registrant as specified in its charter)
Delaware 001-01430 54-0355135
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
6601 West Broad Street, P.O. Box 27003, Richmond, Virginia 23261-7003
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(Address of Principal Executive Offices) (Zip Code)
(804) 281-2000
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS
The Registrant and Alcoa Inc. issued the following
respective press releases on February 11, 2000:
NEWS FROM:
Reynolds Metals Company
Richmond, VA 23261
CONTACT: Lou Anne J. Nabhan
Telephone: 804-281-2171
http://www.rmc.com
FOR IMMEDIATE RELEASE
February 11, 2000
REYNOLDS METALS SHAREHOLDERS APPROVE MERGER WITH ALCOA
RICHMOND, Va. - At a special meeting of stockholders held
here today, shareholders of Reynolds Metals Company (NYSE: RLM)
approved the company's previously announced merger agreement with
Alcoa Inc. (AA). Of the shares represented at the meeting, 87%
voted in favor of the merger, 1% voted against, and 12%
abstained.
The transaction remains subject to regulatory approval in
the United States and Europe and in other countries where both
companies have significant operations. At the special meeting,
Jeremiah J. Sheehan, chairman and CEO of Reynolds said, "I'm
pleased to announce that as of yesterday Reynolds has finished
its response to the Department of Justice second request. We
believe it is complete, and the DOJ is reviewing it. We
understand that Alcoa has also filed its response to the DOJ
second request," said Mr. Sheehan.
"Alcoa and Reynolds have continued to respond to questions
from the DOJ and other regulatory agencies during the past
several months. We believe that our proposed merger will
ultimately be approved, and, as stated previously, we hope to
complete the merger in the first half of 2000," he added.
"The European Union is conducting a detailed review of the
proposed merger, and a final determination must be made no later
than May 10. Regulatory review in Canada is moving forward on a
similar schedule. These are outside deadlines. While the
European Commission and Canadian Competition Authority must
complete their respective reviews of the merger in May, each
agency could finish its review before the outside deadline," Mr.
Sheehan said.
Alcoa and Reynolds initially announced a definitive merger
agreement August 19, 1999. Under the terms of the agreement,
Alcoa will acquire all outstanding shares of Reynolds in a tax-
free, stock-for-stock transaction. Reynolds shareholders will
receive 1.06 shares of Alcoa common stock for each share of
Reynolds common stock.
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Editorial Contact: Bonita A. Cersosimo
Alcoa, Corporate Communications
412-553-4462
Investor Relations: Edgar Cheely
Alcoa
412-553-2451
ALCOA MERGER WITH REYNOLDS APPROVED BY REYNOLDS SHAREHOLDERS;
ALCOA RESPONDS TO DOJ REQUEST; STOCK REPURCHASES RECOMMENCE
PITTSBURGH, February 11, 2000 - Alcoa is pleased that the
shareholders of Reynolds Metals Company today approved the
previously announced merger agreement with Alcoa Inc. Of the
shares represented at the meeting, 87% voted in favor of the
merger, 1% voted against, and 12% abstained.
ALCOA RESPONDS TO DOJ REQUEST
Alcoa announced that it has provided the U.S. Department of
Justice (DOJ) with additional information requested in connection
with DOJ's review of the proposed Alcoa/Reynolds merger. Alcoa
believes that it is now in substantial compliance with that
request. Alcoa noted that Reynolds today announced similar
compliance with its additional information request from DOJ.
The companies have advised DOJ that they will not close
their pending merger prior to March 31, 2000, in order to provide
DOJ with sufficient time to review the transaction. As
previously announced, the pending merger is also in a second
stage review with the European Commission and is being reviewed
by various other competition authorities.
STOCK REPURCHASES RECOMMENCE
Alcoa stated that it will immediately recommence its
previously authorized share repurchase program. The company had
suspended the program until after the Reynolds shareholder
meeting held earlier today.
Alcoa Inc. (NYSE: AA)
Reynolds Metals Company (NYSE: RLM)
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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.
REYNOLDS METALS COMPANY
By: D. MICHAEL JONES
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D. Michael Jones
Senior Vice President and General Counsel
Dated: February 14, 2000
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