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: September 10, 1996
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(Date of the earliest event reported)
AMERICAN BUSINESS INFORMATION, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-19598 47-0751545
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(State or other juris- (Commission (I.R.S. Employer
diction of incorporation) File Number) Identification Number)
5711 South 86th Circle, Omaha, Nebraska 68127
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(Address of principal executive offices) (Zip Code)
402/593-4500
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Registrant's telephone number, including area code
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On September 10, 1996, American Business Information, Inc. (the "Company")
acquired certain assets and assumed certain liabilities of Digital Directory
Assistance, Inc. (DDA), a publisher of Phone Disc(R) CD-ROM products. The total
purchase price was approximately $17 million of which $4.0 million was paid on
September 10, 1996 from the Company's corporate funds, $7.9 million in the form
of a promissory note issued to Seller due January, 1997 and the remaining amount
through the issuance of 600,000 shares of the Company's common stock.
Substantially all of the purchase price consists of intangibles and will result
in a one time charge in the third quarter, ending September 30, 1996, of
approximately $10 million ($6.3 million after tax) representing purchased
research and development. The remaining intangibles are expected to be amortized
over a period of three to seven years.
ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of businesses acquired.
Audited financial statements of DDA for the fiscal year ended December 31,
1995 are currently not available and will be filed as soon as practicable,
but no later than November 25, 1996.
(b) Pro forma financial information.
Pro forma financial information for the Company and DDA is not currently
available and will be filed as soon as practicable, but no later than
November 25, 1996
(c) Exhibit.
The following exhibit is included:
10.8 Asset Purchase Agreement dated September 10, 1996 between the
Company and Digital Directory Assistance, Inc.
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.
Date: 9/19/96 /s/ Jon H. Wellman
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Jon H. Wellman, Executive Vice President and
Chief Financial Officer
AMERICAN BUSINESS INFORMATION, INC.
EXHIBIT INDEX
Exhibit
Number Description
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10.8 Asset Purchase Agreement dated September 10, 1996
between the Company and Digital Directory Assistance, Inc.