SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: June 3, 2003
VALHI, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-5467 87-0110150
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
(Address of principal executive offices) (Zip Code)
(972) 233-1700
(Registrant's telephone number, including area code)
(Former name or address, if changed since last report)
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibit
Item No. Exhibit Index
-------- ----------------------------------------
99.1 Press release dated June 3, 2003 issued by Valhi, Inc.
Item 9: Regulation FD Disclosure
The registrant hereby furnishes the information set forth in the press
release issued on June 3, 2003, a copy of which is attached hereto as Exhibit
99.1 and incorporated herein by reference.
The information, including the exhibit, the registrant furnishes in
this report is not deemed "filed" for purposes of section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that section. Registration statements or other documents filed with the
Securities and Exchange Commission shall not incorporate this information by
reference, except as otherwise expressly stated in such filing.
SIGNATURE
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.
VALHI, INC.
(Registrant)
By: /s/ A. Andrew R. Louis
----------------------
A. Andrew R. Louis
Secretary
Date: June 3, 2003
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press release dated June 3, 2003 issued by Valhi, Inc.
FOR IMMEDIATE RELEASE: CONTACT:
Valhi, Inc. Bobby D. O'Brien
Three Lincoln Centre Vice President and Chief Financial Officer
5430 LBJ Freeway, Suite 1700 (972) 233-1700
Dallas, Texas 75240-2697
VALHI, INC. ANNOUNCES PURCHASE OF 6 5/8% CONVERTIBLE PREFERRED SECURITIES,
BENEFICIAL UNSECURED CONVERTIBLE
SECURITIES, OF TIMET CAPITAL TRUST I IN TENDER OFFER
DALLAS, TEXAS. . . June 3, 2003 . . . Valhi, Inc. (NYSE: VHI) today
announced the completion of its tender offer to purchase for cash up to
1,000,000 6 5/8% convertible preferred securities, beneficial unsecured
convertible securities, of TIMET Capital Trust I, for a purchase price of $10.00
per security. The securities include the associated guarantee by Titanium Metals
Corporation (NYSE: TIE). The tender offer expired at 12:00 midnight, New York
City time, on June 2, 2003.
Based on information provided by Computershare Trust Company of New
York, the depositary for the offer, as of 12:00 midnight, New York City time, on
June 2, 2003, Valhi purchased 14,700 securities that had been tendered.
This news release is not an offer to purchase, nor a solicitation of an
offer to sell securities with respect to any securities. The tender offer may
only be made pursuant to the Offer to Purchase and the accompanying Letter of
Transmittal. Valhi has filed with the SEC a tender offer statement on Schedule
TO (including an offer to purchase, letter of transmittal and related tender
offer documents) and Titanium Metals Corporation has filed a
solicitation/recommendation statement on Schedule 14D-9. These documents, as
amended, contain important information and security holders are advised to
carefully read these documents before making any decision with respect to the
tender offer. These documents may be obtained at no charge from the information
agent or at the website of the Securities and Exchange Commission at
www.sec.gov.