SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
AMENDMENT NO. 1
CURRENT REPORT
Pursuant to Section 13 of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 1, 1998
Owens-Illinois, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9576 22-2781933
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
Owens-Illinois Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 33-13061 34-1559348
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
One SeaGate, Toledo, Ohio 43666
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(Address of principal executive offices) (Zip code)
Registrants' telephone number,
including area code: 419-247-5000
Exhibit Index -- Page 4
Page 1 of 4 pages
The Registrants hereby amend the Current Report on Form 8-K dated March 2, 1998
to include additional information regarding the acquisition of the worldwide
glass and plastic packaging businesses of BTR Plc. The additional information
is included on pages 3 - 18 of Exhibit 99.
Item 5. Other Events.
On March 1, 1998, Owens-Illinois, Inc. issued a press release
announcing the signing of a definitive agreement to acquire the worldwide glass
and plastic packaging businesses of BTR Plc in an all-cash transaction valued
at US$3.6 billion. The transaction will be financed initially by bank
borrowings. Promptly after closing, Owens-Illinois intends to refinance part
of the bank borrowings by issuing a combination of public debt and equity
securities, with the objective of maintaining its debt-to-capital ratio at
approximately current levels. The transaction, which is subject to the
approval of BTR's shareholders and customary regulatory approvals, is scheduled
to close in the second quarter of 1998. The press release is set forth as
Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Owens-Illinois press release dated March 1, 1998.
Page 2 of 4 pages
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.
OWENS-ILLINOIS, INC.
OWENS-ILLINOIS GROUP, INC.
By /s/ Lee A. Wesselmann
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Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Dated: March 4, 1998
Page 3 of 4 pages
EXHIBIT INDEX
Exhibit
Number Exhibit
99 Owens-Illinois press release dated
March 1, 1998
Page 4 of 4 pages