Comdial Corporation commences public offering; 1-for-3 reverse stock split effective.CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Aug. 8, 1995--Comdial Corp. (NASDAQ/NM:CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ) Tuesday said that its Registration Statement pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the offering of 3,000,000 shares of Common Stock was declared effective by the Securities and Exchange Commission on Aug. 7 after the close of business. The 3,000,000 shares are being offered at $12 per share, of which 1,000,000 are being offered by the company and 2,000,000 are being offered by a selling stockholder. The shares being offered reflect a one-for-three reverse stock split of the company's Common Stock that became effective on Aug. 7, 1995. Comdial will not receive any proceeds from the sale of shares by the selling stockholder, and will use its proceeds 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. The managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. is Rodman & Renshaw Inc. A written prosepectus may be obtained from Christopher Casey of Rodman & Renshaw Inc., by writing to 2 World Financial Center, 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 10281. This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering is made only by the prospectus. CONTACT: Southcoast Communications, Irvine Marty Tullio, 714/252-8440 |
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