-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EJ45yYJNAQEuLsPeiJE1aAIwcuyV2EnwBYZUjGZROKgG4A2497i0DNE91/RAJkfB kjmbC53pREppwGaEHvlNGQ== 0000764403-00-000014.txt : 20001212 0000764403-00-000014.hdr.sgml : 20001212 ACCESSION NUMBER: 0000764403-00-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001129 ITEM INFORMATION: FILED AS OF DATE: 20001211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ETOWN CORP CENTRAL INDEX KEY: 0000764403 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 221683171 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11023 FILM NUMBER: 786587 BUSINESS ADDRESS: STREET 1: 600 SOUTH AVE STREET 2: P O BOX 788 CITY: WESTFIELD STATE: NJ ZIP: 07090 BUSINESS PHONE: 9086541234 MAIL ADDRESS: STREET 1: P O BOX 788 CITY: WESTFIELD STATE: NJ ZIP: 07091 8-K 1 0001.txt CURRENT REPORT ON FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ 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 29, 2000 E'town Corporation (Exact name of registrant as specified in its charter) Delaware 1-11023 22-2596330 (State or other (Commission File (IRS Employer jurisdiction of No.) incorporation) Identification No.) 600 South Avenue, Westfield, New Jersey 07090 (Address of principal executive offices) (Zip code) (908) 654-1234 Registrant's telephone number, including area code Not Applicable (Former name or former address, if changed since last report) ITEM 1. CHANGES IN CONTROL OF REGISTRANT. (a) On November 29, 2000, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 21, 1999, by and among E'town Corporation ("E'town"), Thames Water Plc, a public limited company organized under the laws of England and Wales ("Thames Water") and Edward Acquisition Corp., a New Jersey corporation and an indirect wholly-owned subsidiary of Thames Water ("Edward"), Edward merged with and into E'town (the "Merger"). The Merger Agreement was filed as an exhibit to E'town's current report on Form 8-K filed with the Securities and Exchange Commission on November 24, 1999 and is incorporated by reference in its entirety herein. The information incorporated by reference is considered to be a part of this current report on Form 8-K, except for any information that is superseded or modified by information included directly herein. Prior to the Merger, E'town was a publicly owned corporation. In the Merger, each outstanding share of common stock of E'town held by public shareholders was canceled and converted into the right to receive $68.00 in cash. As a result of the Merger, Thames Water indirectly owns 100% of the capital stock of E'town. Approximately $ 690.1 million is required to pay the Merger consideration to the former public shareholders, repay a portion of E'town's outstanding indebtedness and pay related fees and expenses. Thames Water obtained these funds from (i) proceeds from the sale of medium term deposit notes, (ii) J.P. Morgan, under a credit facility dated November 1, 2000 and (iii) cash on hand. Following the closing of the Merger, the following individuals are the members of the Board of Directors of E'town: Michael Carmedy, Andrew M. Chapman, Edward A. Clerico, Anne Evans Estabrook, John Hoffman and Jeremy Pelczer . In connection with the Merger, Andrew M. Chapman was also elected a director of Thames Water North America Inc. and Thames Water Holdings Incorporated, and Anne Evans Estabrook was nominated to the international supervisory board of Thames Water International Services Ltd. (b) Not applicable. -1- ITEM 5. OTHER EVENTS. On November 29, 2000, E'town issued a press release announcing the closing of the Merger. A full text of the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) - (b) Not Applicable (c) Exhibits. The following exhibits are filed as part of this report: 2.1 Agreement and Plan of Merger, dated as of November 21, 1999, by and among E'town, Thames Water Plc and Edward Acquisition Corp. (incorporated by reference to the current report on Form 8-K dated November 24, 1999). 99.1 Press Release, dated November 29, 2000, announcing the closing of the Merger. -2- 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. E'TOWN CORPORATION (Registrant) _______________________ Name: Elaine Margetts Title: Treasurer Date: December 11, 2000 -3- EXHIBIT INDEX Exhibit Description 2.1 Agreement and Plan of Merger, dated as of November 21, 1999, by and among E'town, Thames Water Plc and Edward Acquisition Corp. (incorporated by reference to the current report on Form 8-K, dated November 24, 1999) 99.1 Press Release, dated November 29, 2000, announcing the closing of the Merger.(See pages 5 - 6). -4- EX-99.1 2 0002.txt PRESS RELEASE Exhibit 99.1 Acquisition of E'town By Thames Water Completed Companies share commitment to customer service and environment WESTFIELD, N.J. (NYSE - ETW) - November 29, 2000 - E'town Corporation today announced the closing of the acquisition of E'town Corporation (E'town) by Thames Water Plc (Thames Water), marking the beginning of Thames Water's water supply operations in the United States. The acquisition will take the form of a merger, with E'town becoming an indirect wholly-owned subsidiary of Thames Water. Bill Alexander, Thames Water's Chief Executive, commented: "The acquisition of E'town represents an important step in the continuing development of the company's international activities and enhances our ability to accelerate the growth of our North American businesses. "Together, E'town and Thames have more than 500 years of experience in the water industry, which places us in a strong position to secure significant additional business in the U.S. We also share a commitment to providing excellent value to our customers and a keen sense of environmental stewardship." The New Jersey Board of Public Utilities and the New Jersey Department of Environmental Protection will continue to oversee all regulatory issues including rate adjustments, water quality and customer service measures. "The two companies will capitalize on their combined experience and expertise to provide customers with superior quality and service in all areas of the business," said Andre Chapman, president of E'town Corporation. "The combination will also enhance career opportunities for employees and provide for additional development and learning." E'town shareholders overwhelmingly approved the merger in May 2000, and the New Jersey Board of Public Utilities approved the transaction last month. London-based Thames Water is the third largest global water service employing 14,000 individuals worldwide. -5- About Thames Water in the United States Thames Water, through its various subsidiaries in the United States, provides a broad spectrum of water-related products and services. Its U.S. products businesses manufacture municipal water and wastewater filtration and clarification systems and provide liquid/solid water and wastewater separation technologies for the municipal and industrial marketplace. In September 2000 Thames Water inaugurated water service to more than 1.6 million people in the Commonwealth of Puerto Rico, as contract operator of the $300 million Superaqueduct servicing the capital of San Juan. This is the largest design-build-operate (DBO) project in the United States. E'town Corporation is the parent company of Elizabethtown Water Company, which provides retail water service in central New Jersey and, on a wholesale basis, a portion of the water requirements of eight municipal systems and three investor-owned water companies. Through other subsidiaries, E'town operates, under long-term contracts, municipal water systems, and designs, builds and operates satellite wastewater plants. -6- -----END PRIVACY-ENHANCED MESSAGE-----