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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): March 27, 2001
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IPALCO Enterprises, Inc.
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(exact name of registrant as specified in its chapter)
Indiana 1-8644 35-1575582
(State of other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
One Monument Circle
Indianapolis, Indiana 46204
(Address of principal executive officers) (zip code)
Registrant's telephone number, including area code: (317) 261-8261
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 1. Change of Control of Registrant
On March 27, 2001, The AES Corporation ("AES") completed its
acquisition of IPALCO Enterprises, Inc. ("IPALCO") through a share exchange
transaction in accordance with the Agreement and Plan of Share Exchange dated as
of July 15, 2000, among AES and IPALCO (the "Share Exchange Agreement").
Pursuant to the Share Exchange Agreement, IPALCO became a wholly-owned
subsidiary of AES.
At the effective time of the share exchange, each of the outstanding
89,685,177 shares of IPALCO common stock was converted into the right to receive
0.463 of a share AES common stock, for an aggregate purchase price of $2.15
billion and $890 million in assumed debt and preferred stock. Following the
share exchange, AES owns all of the outstanding capital stock of IPALCO. The
transaction was subject to certain conditions, including receipt of regulatory
approvals, including that of the Federal Energy Regulatory Commission and the
Securities and Exchange Commission ("SEC").
As part of the SEC approval process, AES expects to restructure its
ownership interests in CILCORP within a specified period of time in order to
continue as an exempt holding company under the Public Utility Holding Company
Act of 1935.
The foregoing description of the Share Exchange Agreement does not
purport to be complete and is qualified in its entirety by reference to the
Share Exchange Agreement (which is incorporated herein by reference to the AES
Registration Statement on Form S-4 filed on August 16, 2000 as amended on
September 1, 2000 and September 14, 2000.)
Item 7. Financial Statements and Exhibits
2.1 Agreement and Plan of Share Exchange dated as of July 15, 2000,
between The AES Corporation and IPALCO Enterprises, Inc. (incorporated
by reference to the AES Registration Statement on Form S-4 filed on
August 16, 2000 as amended on September 1, 2000 and September 14,
2000).
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.
IPALCO ENTERPRISES, INC.
By: /s/ William R. Dodds
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Name: William R. Dodds
Title: Secretary
Date: March 27, 2001.