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DYCOM ANNOUNCES AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES OF COMMON STOCK OF GLOBE COMMUNICATIONS AND GLOBE EQUIPMENT CORPORATION

DYCOM ANNOUNCES AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES OF COMMON
 STOCK OF GLOBE COMMUNICATIONS AND GLOBE EQUIPMENT CORPORATION
 WEST PALM BEACH, Fla., Jan. 3 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today that it has consummated agreements whereby it has acquired all of the outstanding shares of common stock of Globe Communications, Inc. and Globe Equipment Corporation in exchange for an undisclosed amount of cash and stock.
 The acquired companies are based in North Carolina. They provide telecommunication services to operating telephone companies, primarily in the southeast United States.
 Dycom also announced today that it is continuing to cooperate with the Securities and Exchange Commission in providing it with information requested in connection with its restatement of second quarter earnings for fiscal 1991.
 -0- 1/3/91
 /CONTACT: Thomas R. Pledger, chairman and CEO of Dycom Industries, Inc., 407-659-6301/
 (DY) CO: Dycom Industries., Inc.; Globe Communications, Inc.; Globe
 Equipment Corporation ST: Florida, North Carolina IN: TLS SU: TNM


SS-AW -- FL007 -- 6578 01/03/92 16:31 EST
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Publication:PR Newswire
Date:Jan 3, 1992
Words:167
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