SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): May 17, 1999
Tredegar Corporation
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(Exact Name of Registrant as Specified in its Charter)
Virginia 1-10258 54-1497771
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(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation or Organization) Number) Identification No.)
1100 Boulders Parkway
Richmond, Virginia 23225
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (804) 330-1000
Item 2. Acquisition or Disposition of Assets.
On May 17, 1999, Tredegar Corporation (formerly known as Tredegar
Industries, Inc.) ("Tredegar") acquired Exxon Chemical Company's plastic film
business for $200 million. The source of the cash consideration paid in the
transaction was from Tredegar's Revolving Credit Facility Agreement among
Tredegar, the banks named therein, The Chase Manhattan Bank as Administrative
Agent, NationsBank, N.A. as Documentation Agent and Long-Term Credit Bank of
Japan, Limited as Co-Agent.
Item 5. Other Events.
On May 20, 1999, at its Annual Meeting of Shareholders, Tredegar
announced that it anticipates lower than expected results for 1999 due to a
variety of factors affecting its Film Products division and expenses associated
with the recent Therics acquisition.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired.
Financial Statements with respect to the acquisition required by Item 7
of Form 8-K will be filed not later than July 30, 1999.
(b) Pro Forma Financial Information.
Pro Forma Financial Information with respect to the acquisition
required by Item 7 of Form 8-K will be filed not later than July 30, 1999.
(c) Exhibits.
Exhibit 2. Asset Purchase Agreement, dated April 23, 1999, by
and between Exxon Chemical Company, a division of
Exxon Corporation, and Tredegar Industries, Inc (the
"Agreement"). The schedules and exhibits to this
Agreement are omitted in accordance with the
instructions to Item 601(b)(2) of Regulation S-K. A
listing of such schedules and exhibits is found in
the Agreement and Tredegar hereby undertakes to
supply the Securities and Exchange Commission
supplementally with a copy of any such exhibits upon
request.
Exhibit 20.1 Text of Press Release issued by Tredegar on May 17,
1999.
Exhibit 20.2 Text of Press Release issued by Tredegar on May 20,
1999.
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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.
TREDEGAR CORPORATION
Date: May 25, 1999 By: /s/ N. A. Scher
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Norman A. Scher
Executive Vice President
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