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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 2, 1999
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PHILADELPHIA SUBURBAN CORPORATION
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-6659 23-1702594
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
762 W. Lancaster Avenue, Bryn Mawr, Pennsylvania 19010
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(Address of principal executive offices) (Zip Code)
(610) 527-8000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On March 10, 1999, the merger of Consumers Water Company ("Consumers") with
and into Consumers Acquisition Company ("Acquisition"), a wholly-owned
subsidiary of Philadelphia Suburban Corporation ("Registrant") was consummated.
Each holder of Consumers received 1.432 shares of Registrant's common stock for
each share of Consumers common stock and 5.649 shares of Registrant's common
stock for each share of Consumers preferred stock. As a result, Registrant
issued approximately 13 million shares of Registrant's common stock. The
acquisition was accounted for as a pooling of interests.
The following is a summary of certain interim financial results of the
Registrant reflecting 30 days of combined operations.
Month Ended
April 30, 1999
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Operating Revenues $19,935,000
Net Income Available to Common Stock $ 3,201,000
Basic Net Income per Common Share $ 0.08
Diluted Net Income per Common Share $ 0.08
Average Common Shares Outstanding
During the Period:
Basic Method 40,763,000
Diluted Method 41,257,000
The above results are not indicative or predictive of results for the
quarter ending June 30, 1999 or the year ending December 31, 1999.
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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 2, 1999 /s/ Roy H. Stahl
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Name: Roy H. Stahl
Title: Senior Vice President and
General Counsel
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