(9984.) (MSFT) Asia Global Crossing To Make Initial Public Offering of Common Stock.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--March 31, 2000 Asia Global Crossing today announced its intention to make an initial public offering of shares of its common stock and to file a registration statement under the U.S. Securities Act of 1933, as amended, in respect of the proposed offering. Asia Global Crossing is a joint venture among Global Crossing (Nasdaq:GBLX GBLX Global Crossing Ltd. (stock symbol) ), Softbank (Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. :9984), and Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ). Asia Global Crossing intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering primarily to make additional capital investments in its operations and for general corporate purposes. Asia Global Crossing anticipates that the offering will be completed this summer, subject to market conditions. The offering will be made only by means of a prospectus contained in such registration statement as filed with the U.S. Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion