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 17, 2004
Chiron Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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0-12798 |
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94-2754624 |
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(State or other |
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(Commission |
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(IRS Employer |
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4560 Horton Street, Emeryville, CA |
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94608 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: (510) 655-8730 |
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N/A |
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(Former name or former address, if changed since last report) |
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Item 5. Other Events.
Chiron Corporation (“Chiron” or the “Company”) announced on June 17, 2004 that it has agreed to the sale of 30-year convertible debentures to qualified institutional buyers. The debentures are convertible under certain circumstances into cash and, if applicable, Chiron common stock. The Company anticipates gross proceeds of approximately $350 million. The initial purchasers have a 13-day option to purchase additional debentures which could give Chiron up to approximately $35 million additional gross proceeds. The Company intends to use the net proceeds from the offering for general corporate purposes.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
EXHIBIT NUMBER
99.1 Press Release issued on June 17, 2004.
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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.
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CHIRON CORPORATION |
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Date: June 17, 2004 |
By: |
/s/ William G. Green |
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William G. Green |
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Senior Vice President, |
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General Counsel and |
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Secretary |
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