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001-31303 (Commission File Number) 625 Ninth Street, PO Box 1400 Rapid City, South Dakota (Address of principal executive offices) |
46-0458824 (IRS Employer Identification No.) 57709-1400 (Zip Code) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On April 20, 2005, the Registrant issued a press release announcing it entered into a definitive agreement to sell its communications subsidiary, Black Hills FiberCom and related businesses, to PrairieWave Communications, Inc. Prairie Wave is a broadband communications company providing telephone, cable TV and Internet services in 36 markets in southeastern South Dakota, southwestern Minnesota and northwestern Iowa. Under the purchase and sale agreement, the Registrant would receive a cash payment of approximately $103 million. The transaction is subject to certain state and federal regulatory approvals, and is expected to be completed prior to June 30, 2005. The Registrant expects to record a one-time loss of approximately $0.09 per share on the sale.
The press release is attached as Exhibit 99 to this Form 8-K.
(c) | Exhibits |
99 | Press Release dated April 20, 2005. |
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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.
BLACK HILLS CORPORATION |
By:
/s/ Mark T. Thies Mark T. Thies Executive Vice President and Chief Financial Officer |
Date: April 21, 2005