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) June 1, 1995 CITIZENS UTILITIES COMPANY (Exact name of registrant as specified in charter) Delaware 001-11001 06-0619596 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) High Ridge Park, P.O. Box 3801, Stamford, Connecticut 06905 (Address of principal executive offices) (Zip code) (203) 329-8800 (Registrant's telephone number, including area code) No change since last report (Former name or former address, if changed since last report) Item 5. Other Events On November 29, 1994, Citizens Utilities Company and ALLTEL Corporation announced they have entered into definitive agreements for Citizens to purchase approximately 109,000 telephone access lines, and cable television systems serving 7,000 subscribers, in eight states for an aggregate transaction value of approximately $290 million. Listed under Item 7 are Financial Statements of certain businesses expected to be acquired for the periods indicated. Item 7. Financial Statements of Businesses to be Acquired and Exhibits. (a) Financial Statements of businesses to be acquired. - - Navajo Communications Company, Inc., for each of the two years ended December 31, 1994. - - ALLTEL Nevada, Inc., for each of the two years ended December 31, 1994. - - Mountain State Telephone Company, for each of the two years ended December 31, 1994. (c) Exhibits 23 Consent of Arthur Andersen LLP 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 thereunto duly authorized. CITIZENS UTILITIES COMPANY (Registrant) Date: June 1, 1995 By:/s/ Livingston E. Ross Vice President and Controller