CenturyTel Issues Statement in Response to ALLTEL Unsolicited Proposal.Business Editors MONROE, La.--(BUSINESS WIRE)--Aug. 14, 2001 CenturyTel, Inc. (NYSE NYSE See: New York Stock Exchange : CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic ) confirmed today that it has received an unsolicited proposal from ALLTEL Corporation (NYSE: AT), which is identical to a previously submitted proposal by ALLTEL. CenturyTel's Board had unanimously rejected the previous proposal after full consideration and after receiving advice from J.P. Morgan and Wachtell, Lipton, Rosen & Katz, its financial and legal advisors. CenturyTel said that there is no reason for further consideration of the previously rejected proposal. CenturyTel's Board has determined that the Company is not for sale. Century Telephone Enterprises, Inc. (CenturyTel) provides integrated communications services including local exchange, wireless, long distance, Internet access See how to access the Internet. and security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the to more than two million customers in 21 states. The company, headquartered in Monroe, Louisiana, is publicly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CTL. CenturyTel is the 10th largest local exchange telephone company, based on access lines, and the 10th largest cellular company, based on population equivalents owned, in the United States. |
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