EQUANT IPO; Offer Price Fixed at US$27 per Share.ATLANTA--(BUSINESS WIRE)--July 21, 1998--EQUANT, the operator of the world's largest data network and a leading provider of seamless international data network services to multinational businesses, today announced final details of its Global Offering. -- The price for the shares in the Global Offering for EQUANT has been set at US $27 per share -- The Global Offering ultimately comprised 26.1 million new shares. Additionally, the underwriters have been granted an overallotment option of up to a further 3.9 million new shares -- Following the closing of the Global Offering, Stichting "The SITA Foundation" will own approximately 60.7% of the issued common shares of EQUANT (59.6% if the underwriters' over-allotment option is exercised in full). A group of institutional investors led by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Capital Partners will own approximately 26.0% of EQUANT's issued common shares (25.5% if the underwriters' over-allotment option is exercised in full) -- EQUANT's shares are to begin trading today on both the 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 Stock Exchange under the symbol "ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology " and the Paris Bourse Paris Bourse National stock market of France. under the symbol "EQU EQU Equipment EQU Equilibrium EQU Equate (assembly language directive) EqU Equivalent Unit EQU Extremely Qualified User EQU Estimated Quarterly Usage EQU Equal to EQU Equation ." -- Closing is expected to occur on July 23, 1998 -- Joint Global Co-ordinators were Morgan Stanley Dean Witter Dean Witter may refer to:
Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , with Morgan Stanley Dean Witter as sole bookrunner EQUANT is a leading provider of seamless international data network services to multinational businesses. The Company is a single source for global desktop communications, providing managed data network services, network design and integration, equipment installation, maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and software development services. EQUANT operates the world's largest commercial data network in terms of geographic coverage, jointly with Societe Internationale de Telecommunication Aeronautiques, S.C. ("SITA"). SITA is a Belgian co-operative company formed by major airline companies from throughout the world to serve their communications needs. EQUANT's principal offices are located in Atlanta (USA) and Amsterdam (The Netherlands) A copy of the prospectus may be obtained from Morgan Stanley Dean Witter & Co. Incorporated, 1585 Broadway, New York, NY 10036, Tel: (212) 761 4000 or Salomon Smith Barney, 7 World Trade Center, New York, NY 10048, Tel: (212) 783 7000. CONTACT: EQUANT Scott McClintock, 770/612-4725 Jim Armstrong, 770/303-3754 or Morgan Stanley Dean Witter William Atkins, 011 44 171 425 5303 John Hyman, 011 44 171 425 6115 or Dewe Rogerson Felicia Vonella, 212/688-6840 Cindy Lyman, 212/688-6840 |
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