CT Communications Announces FCC Approval of Merger with Windstream Corporation
August 16 2007 - 4:20PM
PR Newswire (US)
CONCORD, N.C., Aug. 16 /PRNewswire-FirstCall/ -- CT Communications,
Inc. (NASDAQ:CTCI), today announced that the Federal Communications
Commission has approved its proposed merger with Windstream
Corporation (NYSE:WIN). This completes all required regulatory
approvals for the merger. The parties anticipate that the
transaction will close by the end of August 2007. The merger is,
however, still subject to shareholder approval and certain
customary closing conditions. CT Communications, Inc.,
headquartered in Concord, N.C., is a growing provider of integrated
telecommunications and related services to residential and business
customers located primarily in North Carolina. CT Communications,
Inc. offers a comprehensive package of telecommunications services,
including broadband high-speed Internet services, local and long-
distance telephone services, and digital wireless voice and data
services. Safe Harbor Certain statements contained in this press
release are "forward-looking statements," within the meaning of
federal securities laws. CT Communications, Inc. intends these
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks, uncertainties and assumptions made
by management about CT Communications, Inc., including, among other
things, changes in industry conditions and related state and
federal legislation and regulations, the ability to obtain
necessary shareholder approvals for the transaction with
Windstream, the impact of economic conditions related to financial
performance of customers, business partners, competitors and peers
within the telecommunications industry, the recovery of the
substantial costs incurred in connection with expansion into new
businesses, retention of CT Communications' existing customer base
and the ability to attract new customers, the ability to control
pricing and product offerings in a highly competitive industry, the
ability to attract and retain key personnel, the performance of
investments, rapid changes in technology, the ability to manage
capital expenditures related to changes in technology, actions of
our competitors, the impact of economic and political events on the
business, operating regions and customers, including terrorist
attacks. In some cases, these forward-looking statements can be
identified by the use of words such as "may," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict,"
"project," "intend" or "potential" or the negative of those words
or other comparable words. These forward-looking statements may
differ materially from actual events or results because they
involve estimates, assumptions and uncertainties and should be
viewed with caution. CT Communications, Inc. undertakes no
obligation to update or revise any forward-looking statements,
whether as the result of new information, future events or
otherwise. Readers are also directed to consider the risks,
uncertainties and other factors discussed in documents filed by CT
Communications, Inc. with the Securities and Exchange Commission,
including those matters summarized under the caption "Risk Factors"
in CT Communications' Annual Report on Form 10-K for the year ended
December 31, 2006. Additional Information and Where to Find It In
connection with the proposed Merger, CT Communications has filed
with the Securities and Exchange Commission ("SEC") a definitive
proxy statement for the CT Communications special meeting of
shareholders, which was mailed to the shareholders of CT
Communications. CT Communications' shareholders are urged to read
the definitive proxy statement and other relevant materials because
they contain important information about the transaction and CT
Communications. Investors and security holders may obtain a free
copy of the proxy statement and other documents filed by CT
Communications with the SEC, at the SEC's web site at
http://www.sec.gov/. Free copies of the proxy statement and CT
Communications' other filings with the SEC may also be obtained
from CT Communications by directing a request to CT Communications,
Inc., 1000 Progress Place, NE, Post Office Box 227, Concord, North
Carolina 28026-0227, Attention: David H. Armistead, Corporate
Secretary. CT Communications, Windstream and their respective
officers and directors may be deemed to be participants in the
solicitation of proxies from CT Communications' shareholders with
respect to the transaction. Information about CT Communications'
executive officers and directors and their ownership of CT
Communications stock is set forth in the definitive proxy
statement, which was filed with the SEC on June 6, 2007. Investors
and security holders may obtain more detailed information regarding
the direct and indirect interests of such potential participants by
reading the definitive proxy statement. DATASOURCE: CT
Communications, Inc. CONTACT: Jim Hausman, +1-704-722-2410, or Ron
Marino, +1-704-722-2212, both of CT Communications, Inc. Web site:
http://www.ctc.net/
Copyright
CT Communications (NASDAQ:CTCI)
Historical Stock Chart
From May 2024 to Jun 2024
CT Communications (NASDAQ:CTCI)
Historical Stock Chart
From Jun 2023 to Jun 2024