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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
Date of Report (Date of earliest event reported): December 1, 1999
BOSTON CHICKEN, INC.
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(Exact name of registrant as specified in this charter)
Delaware 0-22802 36-3904053
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
14123 Denver West Parkway, P.O. Box 4086, Golden, Colorado 80401-4086
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(Address of principal executive offices)
(303) 278-9500
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changes since last report)
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Item 5. Other Events.
On December 1, 1999, Boston Chicken, Inc. (the "Company") and McDonald's
Corporation ("McDonald's") jointly announced that the Company and Golden
Restaurant Operations, Inc., a wholly-owned subsidiary of McDonald's ("GRO"),
had executed an asset purchase agreement pursuant to which GRO will purchase
substantially all of the assets of the Company and its Boston Market-related
subsidiaries and assume certain liabilities for a purchase price of $173.5
million. The transaction does not include the purchase of the Company's
majority equity ownership of Einstein/Noah Bagel Corp. The asset purchase
agreement will form the basis for the Company's plan of reorganization to be
filed with the U.S. Bankruptcy Court for the District of Arizona, which has
jurisdiction over the Chapter 11 cases of the Company and its Boston Market-
related subsidiaries filed in October 1998. The Company anticipates filing the
plan of reorganization in December 1999. All court filings in connection with
the Company's bankruptcy can be accessed on the Internet at
http://ecf.azb.uscourts.gov.
As previously disclosed, holders of the Company's equity securities will
retain no value under the proposed plan of reorganization, nor does the Company
anticipate that holders of the Company's convertible subordinated debt
securities will retain any value under the plan.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: December 6, 1999
BOSTON CHICKEN, INC.
By: /s/Greg Uhing
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Greg Uhing
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
