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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 17, 1997
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THE GEON COMPANY
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(Exact name of registrant as specified in charter)
Delaware 1-11804 34-1730488
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Geon Center, Avon Lake, Ohio 44012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 440-930-1001
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
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The Geon Company announced that the Company's wholly owned subsidiary has
invoked the compulsory acquisition provisions of the Business Corporations Act
to acquire the few remaining Class A shares of Synergistics Industries Limited
and will seek delisting of Synergistics' Class A shares from The Toronto and
Montreal Stock Exchanges.
ITEM 7(c). FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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Exhibit 99.1 Press Release of November 17, 1997. The Geon Company acts to
complete the acquisition of Synergistic Industries' shares.
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.
THE GEON COMPANY
By \s\Gregory L. Rutman
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Gregory L. Rutman
Secretary
Dated November 19, 1997
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EXHIBIT 99.1
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NEWS RELEASE
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GEON ACTS TO COMPLETE ACQUISITION
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OF SYNERGISTIC INDUSTRIES SHARES
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CLEVELAND, OHIO -November 17, 1997 - The Geon Company (NYSE:GON) announced today
that its wholly-owned subsidiary has invoked the compulsory acquisition
provisions of the Business Corporations Act (Ontario, Canada) to acquire the few
remaining Class A shares of Synergistics Industries Limited (TSE: SGX), and will
seek delisting of Synergistics' Class A shares from The Toronto and Montreal
Stock Exchanges.
Holders of all the common shares and more than 99.1 percent of the outstanding
Class A non-voting shares of Synergistics have accepted the tender offer of the
wholly-owned subsidiary to purchase all shares of Synergistics at $22 (Cdn.) per
share.
The Geon Company is one of the largest suppliers of PVC resins in North America,
and is the world's largest merchant provider of PVC compounds. Headquartered in
Avon Lake, Ohio, The Geon Company and its subsidiaries employ 1,600 people and
have 11 manufacturing plants in the United States and Canada and joint ventures
in Europe, Australia and Southeast Asia.
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Media and Investor Contact: Dennis Cocco
Director of Corporate & Investor Affairs
(440) 930-1538
