Alaska Communications Systems Group, Inc. Announces Initial Public Offering of 10,000,000 shares of Common Stock at $14 Per Share.ANCHORAGE, Alaska--(BUSINESS WIRE)--Nov. 18, 1999-- Alaska Communications Systems This article is about the current telecommunications company. For the historical "Alaska Communications System", see AT&T Alascom. Alaska Communications Systems, (or ACS) is a telecommunications corporation, headquartered in Anchorage, Alaska. Group, Inc. (Nasdaq:ALSK) announced today that its initial public offering of 10,000,000 shares of common stock has been priced at $14 per share. The common stock will commence trading on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "ALSK". All of the 10,000,000 shares of common stock offered are being sold by the company. The underwriters have the option to purchase up to an additional 1,500,000 shares from Alaska Communications Systems Group at the initial public offering price less the underwriting discount, to cover over allotments, if any. The offering is being underwritten by Goldman, Sachs & Co., Donaldson, Lufkin & Jenrette, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , Deutsche Banc Alex. Brown and Hambrecht & Quist. Alaska Communications Systems Group is the leading diversified, facilities-based telecommunications provider in Alaska, offering local telephone, wireless, long distance, data and Internet services to business and residential customers throughout the state. The company is the only telecommunications provider in Alaska using its own network facilities to provide end-to-end communications services to its customers. This press release shall not constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from Goldman, Sachs & Co. Inc., 85 Broad Street, Prospectus Department, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10004 (Telephone Number 212/902-1171 or 1172). |
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