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UNITED STATES
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) September 22, 1998
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PICO HOLDINGS, INC.
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(Exact name of registrant as specified in charter)
California 0-18786 94-2723335
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
875 Prospect Street, Suite 301, La Jolla, California 92037
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 456-6022
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On September 22, 1998, the Registrant publicly announced that it filed
a Joint Proxy Statement with the Securities and Exchange Commission on
September 18, 1998, with Global Equity Corporation ("GEC"). The Joint
Proxy statement was filed in connection with the proposed business
combination of the Registrant and GEC. The Registrant and GEC signed a
combination agreement on September 18, 1998 for the Registrant to
acquire the approximate 48% of GEC not currently owned by the
Registrant directly or indirectly, at which point GEC will become a
wholly-owned subsidiary of the Registrant. A copy of the press release
relating to this public announcement is attached hereto as Exhibit 99.
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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.
PICO HOLDINGS, INC.
Date: October 8, 1998 By: /s/ Gary W. Burchfield
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Gary W. Burchfield
Chief Financial Officer and Treasurer
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EXHIBITS INDEX
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Exhibit Number Description
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99. September 22, 1998 Joint Press Release between PICO Holdings,
Inc. and Global Equity Corporation.
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