UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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) September 29, 2000
BANKERS TRUST CORPORATION
(Exact name of registrant as specified in its charter)
NEW YORK
(State or other jurisdiction of incorporation)
1-5920 13-6180473
(Commission file number) (IRS employer identification no.)
130 LIBERTY STREET, NEW YORK, NEW YORK 10006
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 250-2500
Item 2. Acquisition or Disposition of Assets
On September 29, 2000, Bankers Trust Corporation (the "Corporation")
transferred its wholly-owned subsidiary BT Holdings (New York), Inc. ("BTH") to
DB U.S. Financial Markets Holding Corporation ("DBUSH"), a subsidiary of
Deutsche Bank Americas Holding Corp. ("DBAH") and Taunus Corporation ("Taunus"),
which are an indirect and direct subsidiary, respectively, of Deutsche Bank AG.
The transfer of BTH to DBUSH took the form of an exchange of stock pursuant to
which BTH became a wholly-owned subsidiary of DBUSH. The Corporation received
shares of DBUSH equal to the fair market value of BTH's net assets on the date
of transfer. The Corporation, as part of an ongoing reorganization, intends to
transfer, by dividend or otherwise, the shares received to Taunus. Based upon
preliminary information, the Corporation currently expects to recognize an
after-tax gain of approximately $275 million in the third quarter of 2000.
The Corporation has and will continue to transfer certain
entities/businesses and financial assets and liabilities to Deutsche Bank
related entities. The consideration received and to be received for such
transactions was and will be fair market value of the financial assets and
liabilities at and on the date of transfer.
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See Item 7 below for certain unaudited pro forma financial statements,
which give effect to the transfer of BTH, filed as Exhibit 99.1 to this Form
8-K.
Item 7. Financial Statements and Exhibits
(B) Pro Forma Financial Information
Unaudited Pro Forma Condensed Financial Statements as of June 30,
2000, for the six months ended June 30, 2000 and 1999 and for the year
ended December 31, 1999.
(C) Exhibits
(99.1) Unaudited Pro Forma Condensed Financial Statements as of June
30, 2000, for the six months ended June 30, 2000 and 1999 and
for the year ended December 31, 1999.
SIGNATURES
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.
BANKERS TRUST CORPORATION
By /s/ RONALD HASSEN
RONALD HASSEN
SENIOR VICE PRESIDENT, CONTROLLER
AND PRINCIPAL ACCOUNTING OFFICER
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October 16, 2000
BANKERS TRUST CORPORATION
FORM 8-K DATED SEPTEMBER 29, 2000
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
(99.1) Unaudited Pro Forma Condensed Financial Statements as of June 30,
2000, for the six months ended June 30, 2000 and 1999 and for the year
ended December 31, 1999.
