SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934
Date of Report (Date of earliest event reported): March 24, 1998
AVX Corporation
Delaware
(state or other jurisdiction of incorporation)
1-10431 33-0379007
(Commission File No.) (I.R.S. Employer Identification No.)
801 17th Avenue South
Myrtle Beach, South Carolina 29577
(Address Principle Executive Offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (803) 448-9411
N.A.
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS
AVX Corporation announced today the proposed acquisition of the
Passive Component businesses of Thomson SA. The businesses include
film capacitors, ferrites, high energy and high voltage power
capacitors, ceramic capacitors, varistors and non-linear resistors.
Annual sales for last year for these businesses were approximately
$135 million. The operations to be purchased by AVX include plants
in Malaysia, Taiwan, Brazil and France.
Pursuant to French law and practice, the fact that AVX Corporation
and Thomason SA are in discussions concerning the possible acquisition
of Thomason SA's Passive Component businesses has been disclosed to
the Works Council in France. However, any acquisition will be subject
to the negotiation of a definitive acquisition agreement and satisfaction
of any conditions set forth in such agreement.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Business acquired.
None.
(b) Pro Forma Financial Information
None
(c) Exhibits
99.0 Press Release, dated March 24, 1998 relating to the
acquisition of Thomson SA's Passive Component businesses.
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on his behalf by
the undersigned hereunto duly authorized.
AVX Corporation
by: /s/ DONALD B. CHRISTIANSEN
---------------------
Donald B. Christiansen
Chief Financial Officer, Senior Vice President and Treasurer
Date: March 26, 1998
Exhibit 99.0
Form 8-K
AVX Corporation
March 24, 1998
AVX ANNOUNCES PENDING ACQUISITION
AVX Corporation announced today the proposed acquisition of the
Passive Component businesses of Thomson SA. The businesses include
film capacitors, ferrites, high energy and high voltage power
capacitors, ceramic capacitors, varistors and non-linear resistors.
Annual sales for last year for these businesses were approximately
$135 million. The operations purchased by AVX include plants in Malaysia,
Taiwan, Brazil and France.
Mr. Dick Rosen, Chairman of the Board and Chief Executive Officer stated,
"AVX is very pleased to be able to add the products and the quality name of
these Thomson operations to the AVX family. We have been very impressed
with the talent and the quality of the people in the Thomson organizations
and we feel that they will be a definite asset to our combined group.
AVX, headquartered in Myrtle Beach, South Carolina, is a leading
manufacturer and supplier of a broad line of passive electronic components
and related products.
