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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 1, 2000
Date of earliest event reported: August 30, 2000
AXA FINANCIAL, INC.
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(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
Delaware 1-11166 13-3623351
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<S> <C> <C>
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
</TABLE>
<TABLE>
<CAPTION>
1290 Avenue of the Americas
New York, New York 10104
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<S> <C>
(Address of principal executive (Zip Code)
offices)
</TABLE>
(212) 554-1234
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(Registrant's telephone number, including area code)
None
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(Former name or address, if changed since last report)
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ITEM 5. OTHER EVENTS
AXA Financial, Inc. (NYSE: AXF) announced on August 30, 2000 that it had
reached agreement to sell majority owned Donaldson, Lufkin & Jenrette, Inc.
(NYSE: DLJ), its investment banking subsidiary, to Credit Suisse First Boston
(CSFB), a subsidiary of Credit Suisse Group.
On a fully diluted basis, the transaction is valued at $13.4 billion or
$90.00 per share and at 18.2x full year 2000 consensus earnings estimates. AXA
Financial owns 70% or about 88.6 million shares of the primary outstanding
shares of DLJ and will realize pre-tax proceeds of about $8 billion for pre-tax
gains of approximately $6.2 billion for tax purposes and approximately $5
billion under GAAP.
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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 under
signed hereunto duly authorized.
AXA FINANCIAL, INC.
(Registrant)
By /s/ RONALD R. QUIST
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Name: Ronald R. Quist
Title: Vice President and
Assistant Treasurer
DATE: September 1, 2000
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