Vincent Extends Expiration Date of Offer to Purchase.CHARLOTTE, N.C. -- Vincent Acquisition Corporation, a member of the American Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). family of companies, announced today it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of its offer to purchase all the outstanding stock of Germantown Independent Telephone Company to 5:00 p.m., Columbus Ohio Time, on November 30, 2006. Stockholders who wish to participate in the offer must send a signed letter agreement on or before that date to Vincent. No further action is required by stockholders who have already sent a signed letter agreement to Vincent. "We are presently evaluating our options with regards to the tender offer and the proposed Merger Agreement from FairPoint Communications Fairpoint Communications is an American holding company, specializing in acquiring, operating, and selling telecommunications companies [1] [2] that provide DSL, telephone, and cable TV services to customers in 18 states through 31 subsidiaries. ," said Patrick L. Eudy, President and Chief Executive Officer of Vincent. "Our requests to the Board of Directors for additional information have been denied on multiple occasions which has precluded us from being an active participant in the auction process. Throughout this process we have been impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with Germantown Telephone, its employees and the community it serves and look forward to a bright future for this company." About the Offer As of 5:00 p.m. on Friday, September 29, 2006, Vincent and its affiliates owned and had received letter agreements to acquire a total of approximately 33,676 shares of Germantown's common stock, which included 17,940 and 15,736 shares, respectively. This represents over 26% of Germantown's outstanding stock. Except for the extension of the expiration date to 5:00 p.m., Columbus Ohio Time, on November 30, 2006, all other terms of the offer remain as set forth in Vincent's Offer to Purchase, dated March 9, 2006. Copies of the Offer to Purchase and related documents may be obtained by contacting Vincent by phone at 888-698-7976, by e-mail at eudy@americanbb.com, or by U.S. Mail at American Broadband Communications, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 756 Tyvola Road, Suite 100, Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , 28217. About American Broadband The primary business of American Broadband is to acquire small, local exchange carriers. They maintain local management and existing employees to ensure continuing high levels of customer and community support, while adding resources and technology to foster growth and improve access to advanced services. Their long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. view allows them to invest in community development and advanced network infrastructure to create a future of growth for their companies and the communities and people they serve. |
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