FORM 8-K
[As last amended in Release No. 34-30968,
July 30, 1992, 57 F.R. 36442]
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): November 4, 1994
SMITH CORONA CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-10281 51-0286862
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(State of other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
65 Locust Avenue, New Canaan, Connecticut 06840
(Address of principal executive offices) (zip code)
(203) 972-1471
(Registrant's telephone number, including area code)
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Item 5. Other Events
On November 4, 1994, Smith Corona Corporation (the "Company")
issued a press release announcing that it has consummated the sale
of substantially all of the assets and liabilities of Histacount
Corporation, a wholly-owned subsidiary of the Company, to a
subsidiary of CSS Industries, Inc.
A copy of the Company's news release is attached as an exhibit
hereto and is incorporated herein by reference.
<PAGE>
SIGNATURE
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: November 10, 1994 SMITH CORONA CORPORATION
By: /S/ Thomas C. DeFazio
Thomas C. DeFazio
Executive Vice President
and Chief Financial Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
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99 News Release
EXHIBIT 99
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NEWS RELEASE
Contact: Patricia J. Cornell
Smith Corona Corporation
(203) 972-1471
FOR IMMEDIATE RELEASE
SMITH CORONA ANNOUNCES THE SALE OF HISTACOUNT CORPORATION
NEW CANAAN, CT., November 4, 1994 -- Smith Corona Corporation
(NYSE:SCO) announced that it completed the sale of substantially
all the assets and liabilities of Histacount Corporation for a
net purchase price of $14.5 million. The company will realize an
after-tax gain, including the utilization of a capital tax-loss
carry-forward, of $8.6 million, or $.29 per share. The purchaser
is Rapidforms, Inc., a subsidiary of CSS Industries.
G. Lee Thompson, chairman and chief executive officer said,
"The sale of our unrelated businesses demonstrates our commitment
to focus our efforts on building our Smith Corona-branded
products, and completes another step in a strategic realignment
underway at our company. We anticipate redeploying the proceeds
in the future growth of our company either through continued
internal development or acquisition."
Smith Corona, based in New Canaan, Connecticut, is a leading
marketer worldwide of a full range of small office and home
office products, including personal word processors, portable
electronic typewriters, facsimile machines and other home office
products.
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