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): February 21, 1997
W. R. GRACE & CO.
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(Exact name of registrant as specified in its charter)
Delaware 1-12139 65-0654331
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
One Town Center Road, Boca Raton, Florida 33486-1010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 561/362-2000
Item 5. Other Events.
(a) On February 21, 1997, W. R. Grace & Co. ("Company")
completed the sale of its worldwide cocoa business to Archer-Daniels-Midland
Company for approximately $470 million (subject to adjustment), including the
assumption of debt. The Company's February 21, 1997 press release is filed as
an exhibit hereto and is incorporated by reference herein.
(b) On February 24, 1997, the Company announced that it had
entered into a definitive agreement to sell its specialty polymers business
for $147 million in cash (subject to adjustment) to National Starch and
Chemical Company. The Company's February 24, 1997 press release is filed as an
exhibit hereto and is incorporated by reference herein.
(c) On February 24, 1997, the Company announced that it had
agreed in principle to acquire Schurpack, Inc., a manufacturer of flexible
food packaging located in St. Joseph, Missouri. The Company's February 24,
1997 press release is filed as an exhibit hereto and is incorporated by
reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
The following are filed as exhibits to this Report:
- The press release issued by the Company on February 21, 1997
regarding the matter described in Item 5(a) above.
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- The press release issued by the Company on February 24, 1997
regarding the matter described in Item 5(b) above.
- The press release issued by the Company on February 24, 1997
regarding the matter described in Item 5(c) above.
Pro forma financial information is not required to be filed because the
business described in Item 5(a) above does not constitute a "significant
subsidiary" under Regulation S-X.
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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 by the
undersigned thereunto duly authorized.
W. R. GRACE & CO.
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(Registrant)
By s/ Robert B. Lamm
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Robert B. Lamm
Vice President and Secretary
Dated: March 4, 1997
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W. R. GRACE & CO.
Current Report on Form 8-K
Exhibit Index
Exhibit No. Description
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99.1 Press release issued by the Company on February 21,
1997
99.2 Press release issued by the Company on February 24,
1997
99.3 Press release issued by the Company on February 24,
1997
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