Cincinnati Bell Registration Statement declared effective.CINCINNATI--(BUSINESS WIRE)--Nov. 15, 1996--Cincinnati Bell Inc. (NYSE NYSE See: New York Stock Exchange :CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ) said today that its Registration Statement on Form S-3 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the previously announced public offering of Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. common shares and of Debt Exchangeable for Common Stock(sm)(DECS DECS Department of Education, Culture and Sports (Filipino; Kagawaran ng Edukasyon, Kultura at Palakasan; Philippines) DECS Domino Enterprise Connection Services (Lotus) (sm)) was declared effective yesterday by the Securities and Exchange Commission. Pursuant to the terms of the offerings, 2.4 million common shares are to be sold at a price of $55.75 per share, the last sale price of Cincinnati Bell Inc. shares on Nov. 14, 1996. Also, 3.5 million DECS are to be issued as 6.25 percent Exchangeable Notes due February 1, 2001. The Cincinnati Bell Pension Plans Trust and Salomon Inc have granted the underwriters overallotment options. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. and Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc are joint book-running managers on both offerings. The offerings will neither increase the number of Cincinnati Bell shares outstanding nor generate any proceeds for Cincinnati Bell. The Cincinnati Bell common shares to be sold are owned by the Cincinnati Bell Pension Plans Trust. The DECS to be issued relate to Cincinnati Bell common shares held by a subsidiary of The Western & Southern Life Insurance Co. The principal amount of the DECS to be issued will equal the market value of approximately 3.5 million Cincinnati Bell shares at the time of the offering. At maturity, the DECS will be exchanged for Cincinnati Bell common shares, based on the market price of the shares at that time, or for an equivalent amount in cash. Salomon Inc, rather than Western & Southern, is issuing the DECS. Cincinnati Bell helps communications companies achieve a competitive advantage through advanced billing, customer information and telephone marketing solutions. It is the principal provider of communications services in the Greater Cincinnati area. Note: "Debt Exchangeable for Common Stock" and "DECS" are service marks of Salomon Brothers Inc. CONTACT: Cincinnati Bell Inc., Cincinnati Wayne Buckhout, 513/397-1081 |
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