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 February 17, 2000 __________________________________ (Date of earliest event reported) CHAMPION INTERNATIONAL CORPORATION ______________________________________________________ (Exact name of Registrant as specified in its charter) NEW YORK 1-3053 13-1427390 ______________ _____________________ __________________ (State of (Commission File No.) (IRS Employer Incorporation) Identification No.) One Champion Plaza, Stamford, Connecticut 06921 ____________________________________________________________ (Address of principal executive offices, including zip code) (203) 358-7000 ____________________________________________________ (Registrant's telephone number, including area code) __________________________________________________________________ (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On February 17, 2000, Champion International Corporation, UPM- Kymmene Corporation and Blue Acquisition, Inc. entered into an Agreement and Plan of Merger, a copy of which is attached hereto and incorporated herein by reference in its entirety. In connection with the Agreement and Plan of Merger, Champion International Corporation and UPM-Kymmene Corporation also entered into three Stock Option Agreements, copies of which are attached hereto and incorporated by reference in their entirety. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits 2.1 Agreement and Plan of Merger, dated as of February 17, 2000, among Champion International Corporation, UPM-Kymmene Corporation and Blue Acquisition, Inc. 2.2 Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM-Kymmene Corporation. 2.3 Parent Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM- Kymmene Corporation. 2.4 Parent Treasury Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM-Kymmene Corporation. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 25, 2000 CHAMPION INTERNATIONAL CORPORATION By: /s/ Lawrence A. Fox ----------------------------- Name: Lawrence A. Fox Title: Vice President and Secretary EXHIBIT INDEX Exhibit No. Description 2.1 Agreement and Plan of Merger, dated as of February 17, 2000, among Champion International Corporation, UPM-Kymmene Corporation and Blue Acquisition, Inc. 2.2 Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM-Kymmene Corporation. 2.3 Parent Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM- Kymmene Corporation. 2.4 Parent Treasury Stock Option Agreement, dated as of February 17, 2000, between Champion International Corporation and UPM-Kymmene Corporation.