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):
February 23, 1994
HOLNAM INC.
State of Delaware -- Commission File No. 1-104-67
IRS Employer Identification No. 38-29437350
6211 North Ann Arbor Road, Dundee, Michigan 48131
Telephone No.: (313) 529-4314.
The Exhibit Index is located on page .
The total number of pages is .
ITEM 5. OTHER EVENTS.
On February 23, 1994 Holnam Inc. announced that on February
22, 1994 its 95% majority stockholder, Holderbank Financiere
Glaris Ltd., completed a pending merger which increased its
equity ownership of Holnam to 100 percent. Additional details
are set forth on the attached public announcement (EXHIBIT A).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
HOLNAM INC.
/s/ Robert J, Moir
Robert J. Moir
Vice President and Secretary
(A duly authorized signatory of
the Company)
DATED: February 23, 1994
EXHIBIT INDEX
Exhibit Table
Number Exhibit Page
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28 Exhibit A - Company's Press Release
dated February 23, 1994.
Thomas A. Chizmadia
Vice President
Corporate Communications
313-529-4306
MERGER TAKING HOLNAM INC. PRIVATE COMPLETED
Dundee, MI, February 23--Holnam Inc. announced that on
February 22, 1994 its majority stockholder, Holderbank
Financiere Glaris Ltd., completed a pending merger which
increased its equity ownership of Holnam to 100 percent.
Plans for the transaction were announced on January 7, 1994.
Each minority owned share of Holnam Common Stock (par value
$0.01 per share) was converted into the right to receive
$7.65 cash per share.
No approval by Holnam's minority stockholders was necessary.
Required notification and a disclosure statement were mailed
to all stockholders at the end of January.
Holnam Inc. is a leading producer of cement in North America.
It is a subsidiary of Holderbank Financiere Glaris Ltd. of
Switzerland, one of the world's largest manufacturers of
cement and allied construction materials.
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