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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 SECURITIES ANDEXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 18, 1997
S.D. WARREN COMPANY
(Exact name as specified in its charter)
Pennsylvania 33-88496 23-2366983
(State or jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification Number)
225 Franklin Street, 02110
Boston, MA
(Address of principal executive office) (Zip code)
(617) 423-7300
(Registrant's telephone number, including area code)
________________________________________________________________________________
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Exhibit Index on page 4
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Item 5. Other Events
On November 18, S.D. Warren Company, a Pennsylvania corporation (the
"Company") entered into an Asset Purchase Agreement (the "Agreement") with
Spinnaker Industries, Inc. ("Buyer"). Pursuant to the agreement, the Company is
selling its pressure sensitive business located in Westbrook, Maine to Buyer. A
copy of the Company's press release dated November 19, 1997, describing certain
aspects of the transaction is attached hereto as Exhibit 99 and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(99) - Press Release of S.D. Warren Company dated November 19, 1997.
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Exhibit Index on Page 4
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SIGNATURE
Pursuant to the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized on December 3, 1997.
S.D. WARREN COMPANY
By: /s/ Jennifer L. Miller
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Name: Jennifer L. Miller
Title:
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Exhibit Index on Page 4
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Exhibits. Page
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(99) - Press Release of S.D. Warren Company dated November 19, 1997. 5
Page 4 of 5
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EXHIBIT 99
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FOR IMMEDIATE RELEASE CONTACT: MELANIE OTERO
NOVEMBER 19, 1997 617.368.6318
S.D. WARREN COMPANY ANNOUNCES AGREEMENT
FOR ASSET SALE AT WESTBROOK
BOSTON, MA S.D. Warren Company today announced an agreement to sell its
pressure sensitive business located in Westbrook, Maine to Spinnaker Industries,
Inc. Spinnaker is a manufacturing firm headquartered in Dallas, Texas which
focuses primarily on specialty adhesive markets.
The sale is expected to become effective early 1998, subject to receipt of
required regulatory approvals and completion of certain financing arrangements.
Warren operations at the adjacent Westbrook paper and pulp mill are unaffected
by the sale.
S.D. Warren is a wholly-owned subsidiary of Sappi Limited, headquartered in
Johannesburg, South Africa. Sappi is the world's largest producer of coated
papers that are used in high-quality magazines, catalogues, brochures, reference
books and other communications applications.
-SDW-
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