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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): June 12, 1996 ----------------------------- PHILADELPHIA SUBURBAN CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Pennsylvania 1-6659 23-1702594 - ------------------ ------------------------ ---------------------- (State or other (Commission File Number) (IRS Employer jurrisdiction of Identification Number) incorporation) 762 Lancaster Avenue, Bryn Mawr, Pennsylvania 19010 --------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (610) 527-8000 ---------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable -------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. ------------- The disclosure contained in the Press Release attached hereto as Exhibit 1 is incorporated by reference herein. -2- 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 thereunto duly authorized. PHILADELPHIA SUBURBAN CORPORATION Date: June 12, 1996 /s/ Roy H. Stahl ---------------------------------- Name: Roy H. Stahl Title: Senior Vice President and General Counsel -3- EXHIBIT INDEX ------------- Exhibit Page - ------- ---- 1 Press release dated June 12, 1996 5 -4-
Donna Alston Director, Communications (610) 645-1095 FOR RELEASE: Immediately PHILADELPHIA SUBURBAN SELECTED BY BRISTOL BOROUGH MUNICIPAL AUTHORITY TO NEGOTIATE PURCHASE OF WATER SYSTEM BRYN MAWR, June 12 -- Philadelphia Suburban Water Company (PSW) -- the primary subsidiary of Philadelphia Suburban Corporation (PSC) -- announced today that it has received a letter of intent and will begin negotiations to purchase the assets of the Bristol Borough Water Authority which serves approximately 30,000 residents in Bristol Borough and Bristol and Bensalem Townships. The proposed acquisition will represent the Company's first acquisition of a large water system in Bucks County and be among the largest water system acquisition to date by PSW. PSW was one of four utilities to respond to a May 6, request from Bristol Borough Water Authority to purchase the system. The Company's bid of $25.5 million was the highest conforming bid received by the water authority. PSW and Bristol officials expect the negotiations and due diligence process to last several months. PSC is the third-largest, private, investor-owned water utility in the country, serving approximately 850,000 residents in 82 municipalities in Delaware, Montgomery, Chester and Bucks Counties. The Company has purchased 12 water systems in the past four years including two small Chester County community water systems in East Marlborough and Franklin Township, Chester County this year. ###