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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) September 19, 1995
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Eli Lilly and Company
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(Exact name of registrant as specified in its charter)
Indiana 1-6351 35-0470950
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(State of other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
Lilly Corporate Center, Indianapolis, Indiana 46285
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 276-2000
No Change
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
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On September 25, 1995, Eli Lilly and Company ("Lilly")
completed its exchange offer pursuant to which it offered to
exchange 3.49 shares of common stock, without par value
("Guidant Common Stock"), of Guidant Corporation ("Guidant")
1
for each share of common stock, without par value ("Lilly Common
Stock"), of Lilly, up to an aggregate of 16,504,298 shares of
Lilly Common Stock, upon the terms and subject to the conditions
set forth in an Offering Circular-Prospectus dated August 21,
1995, as supplemented by an Offering Circular-Prospectus
Supplement dated September 6, 1995 (together, the "Offering
Circular-Prospectus"), and the related Letter of Transmittal
(which, together with the Offering Circular-Prospectus,
constitute the "Exchange Offer"). The principle used in
determining the exchange ratio is set forth in the section of the
Offering Circular-Prospectus entitled, "The Exchange Offer-Terms
of the Exchange Offer," which section is hereby incorporated by
reference herein. The Exchange Offer, which was commenced on
August 21, 1995, was oversubscribed, and expired at 12:00
Midnight, New York City time, on Monday, September 18, 1995, in
accordance with its terms.
Pursuant to the Exchange Offer, 47,348,675 shares of Lilly Common
Stock were properly tendered and not withdrawn, including 884,280
shares held by eligible odd-lot shareholders. In accordance with
the terms of the Exchange Offer, Lilly accepted all shares
tendered by eligible odd-lot shareholders. All other shares were
subject to exchange on a pro rata basis, with the final proration
factor equal to 33.617177 percent. Pursuant to the Exchange
Offer, Lilly accepted for exchange 16,504,298 shares of Lilly
Common Stock for all 57,600,000 shares of Guidant Common Stock
owned by Lilly. Accordingly, Lilly no longer has any ownership
interest in Guidant.
Item 7. Financial Statements and Exhibits.
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(b) Pro Forma Financial information.
The information set forth under the section entitled
"Unaudited Pro Forma Consolidated Financial
Information of Lilly" in the Offering Circular-
Prospectus is hereby incorporated by reference herein.
SIGNATURE
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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.
ELI LILLY AND COMPANY
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(Registrant)
By: /s/ Edwin W. Miller
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Name: Edwin W. Miller
Title: Vice President and
Treasurer
Dated: October 2, 1995
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October 3, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Re: Eli Lilly and Company, File No. 1-6351
Dear Sir or Madam:
Transmitted herewith through the EDGAR system is Form 8-K for Eli
Lilly and Company.
If you have any questions or comments, please contact me at (317)
276-5835.
Very truly yours,
James B. Lootens
Counsel
dm
Att.