Comdial Corp. plans stock offering.CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--June 29, 1995--Comdial Corp. (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 :CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ) Thursday announced that it has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 3,000,000 shares of common stock with 1,000,000 shares being offered by the company and 2,000,000 shares being offered by a selling shareholder. The registration statement contemplates a one-for-three reverse stock split of the company's common stock, and the number of shares offered is stated after giving effect to the split. The company will receive no proceeds from the sale of shares by the selling shareholder. Comdial will use its proceeds from the offering to redeem preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and for general corporate and working capital purposes. Comdial is a leading designer, manufacturer and supplier of a broad range of advanced telecommunications products and systems. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD, NOR MAY OFFERS TO BUY BE ACCEPTED, PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS STATEMENT SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE 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 IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE. A written prospectus may be obtained from Christopher Casey of Rodman & Renshaw Inc., by writing to 2 World Financial Centers, 225 Liberty St., 30th Floor, 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 . CONTACT: South Coast Communications, Irvine Marty Tullio, 714/252-8440 |
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