CTE Announces Final Results of Convertible Notes Exchange Offer.DALLAS, Pa. -- Commonwealth Telephone Enterprises, Inc. ("CTE (Coefficient of Thermal Expansion) The difference between the way two materials expand when heat is applied. This is very critical when chips are mounted to printed circuit boards, because the silicon chip expands at a different rate than the plastic board. ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTCO CTCO Chicago Transportation Coordination Office ), announced today the final results of its offer to exchange up to $300,000,000 aggregate principal amount of its 2005 Series A 3 1/4% Convertible Notes due 2023 (the "New Notes"), and an exchange fee for all of its outstanding 2003 3 1/4% Convertible Notes due 2023 (the "Old Notes"), which expired at midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Tuesday, July 26, 2005. Based on information provided by Mellon Investor Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the exchange agent for the offer, $63,892,000 principal amount of Old Notes (including tenders by notice of guaranteed delivery) were tendered for exchange. All Old Notes properly tendered have been accepted for exchange. Subject to the terms and conditions of the exchange offer, the exchange of New Notes for Old Notes is scheduled to occur on August 3, 2005. "The goal of our exchange offer was to provide us with the flexibility to settle conversions of the notes with cash, common stock or a combination of cash and common stock, at our discretion, to give us the option to reduce the dilutive effect Dilutive effect Result of a transaction that decreases earnings per common share (EPS). of future conversions," said Michael J. Mahoney, CTE's president and chief executive officer. "As a result of the exchange offer, we have successfully reduced the effect of future conversions. Consistent with our previously stated objectives, as we move forward, we will continue to consider other options to further reduce or even eliminate the dilutive effect of future conversions, including common share repurchases depending on market prices." Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated acted as the dealer manager
for the exchange offer.Any questions concerning the exchange offer may be directed to D.F. King & Co., Inc., the information agent for the exchange offer, at 800-859-8508, or to: David G. Weselcouch Senior Vice President - Investor Relations and Corporate Communications Commonwealth Telephone Enterprises, Inc. 100 CTE Drive Dallas, PA 18612-9774 About CTE Headquartered in Dallas, PA, Commonwealth Telephone Enterprises, Inc., serves business and residential customers with a full array of technologically advanced data and voice telecommunications products and services, including broadband data services and high-speed Internet access, delivered over its 100% digitally switched, fiber-rich network. CTE's primary operating segments are: Commonwealth Telephone Company ("CT"), the nation's eighth largest publicly held independent local exchange carrier, which has been operating in various rural Pennsylvania markets since 1897; and, CTSI CTSI Census Tract Street Index (US Census Bureau) CTSI California Traffic Safety Institute CTSI Corbett Technology Solutions, Inc. (Chantilly, VA) CTSI Central Terminal Signaling Interface , LLC ("CTSI"), a local exchange carrier operating in competitive markets outside CT's territory, that formally commenced operations in 1997. CTE deploys broadband DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary technology to offer high-speed Internet access in the CT and CTSI service territories. CTE's support businesses include epix(R) Internet Services (www.epix.net), one of the Northeast's largest rural dial-up Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. ("ISPs"), and Commonwealth Communications, a provider of telecommunications equipment and facilities management services. A web site featuring current information regarding Commonwealth Telephone Enterprises, Inc., can be found on the Internet at www.ct-enterprises.com. However, the information on this web site does not form a part of this release. This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any securities, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration, or qualification, under the securities laws of any such state. |
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