Printer Friendly

ACC CORP. SUBSIDIARY COMPLETES INITIAL PUBLIC OFFERING IN CANADA

 ROCHESTER, N.Y., July 7 /PRNewswire/ -- ACC Corp. (NASDAQ/NMS: ACCC) announced today that its Canadian subsidiary, ACC TelEnterprises Ltd., completed the sale of 2,000,000 Common Shares at a price of $11.00 (Canadian) per share in connection with its initial public offering. The Common Shares are listed on the Toronto Stock Exchange and the Montreal Exchange under the market symbol "ACL". Total ACC TelEnterprises Ltd. shares issued and outstanding for ACC TelEnterprises Ltd. are now 6,600,000.
 Underwriters for the offering are Nesbitt Thomson Inc., Burns Fry Limited, Wood Gundy Inc., Midland Walwyn Capital Inc. and First Marathon Securities Inc.
 ACC TelEnterprises Ltd., through its ACC Long Distance Ltd. and ACC Long Distance Inc. subsidiaries, provides long-distance voice and data telecommunications services to businesses and residential customers throughout Ontario, Quebec and British Columbia. ACC TelEnterprises Ltd. is a subsidiary of ACC Corp., a telecommunications holding company based in Rochester, New York.
 -0- 7/7/93
 /CONTACT: Richard T. Aab of ACC Corp., 716-987-3150/
 (ACCC ACL)


CO: ACC Corp. ST: New York IN: TLS SU: OFR

SM -- CL008 -- 9016 07/07/93 10:42 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 7, 1993
Words:188
Previous Article:TOMAHAWK II SIGNS EXCLUSIVE LICENSING AGREEMENT FOR ADVANCED AUTOMATED DOCUMENT SCANNING AND CONVERSION SYSTEMS
Next Article:FIRST UNION REAL ESTATE ANNOUNCES NEW PRESIDENT
Topics:


Related Articles
ACC EXPANDS TO VANCOUVER, BRITISH COLUMBIA AND ANNOUNCES QUARTERLY DIVIDEND
ACC CORP.'S SUBSIDIARY ACC TELENTERPRISES LTD. FILES PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING IN CANADA
ACC CORP. SUBSIDIARY FILES FINAL PROSPECTUS FOR INITIAL PUBLIC OFFERING IN CANADA
ACC CORP. DECLARES 50 CENTS PER SHARE SPECIAL DIVIDEND
C O R R E C T I O N - ACC CORP.
ACC CORP. DECLARES QUARTERLY DIVIDEND
ACC ANNOUNCES EQUITY PLACEMENT
ACC CORP. DECLARES QUARTERLY DIVIDEND
ACC ANNOUNCES $10 MILLION PRIVATE PLACEMENT AND DISCONTINUATION OF QUARTERLY DIVIDEND
Sale of 1.2 Million Shares of ACC Corp. Common Stock Completed Today

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters