Renaissance Acquisition Corp (AMEX:RAK)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Renaissance Acquisition Corp Charts. Click Here for more Renaissance Acquisition Corp Charts.](/p.php?pid=staticchart&s=A%5ERAK&p=8&t=15)
First Communications, Inc. (AIM: FCOM) (“First
Communications”), a leading Midwest
competitive local exchange carrier and owner of wireless
telecommunications towers, and Renaissance Acquisition Corp. (AMEX: RAK)
(“Renaissance”)
today jointly announced that Renaissance has filed with the Securities
and Exchange Commission a preliminary registration statement on Form
S-4, which includes a proxy statement/prospectus, in connection with the
proposed merger between First Communications and Renaissance previously
announced on September 15, 2008. The registration statement has not yet
become effective and the information contained in the filing is subject
to change. After the registration statement has been declared effective,
a definitive proxy statement/prospectus will be mailed to the
shareholders of Renaissance.
The transaction is expected to close by January 2009.
For additional information on the merger, please see today’s
filing, which can be obtained without charge at the Securities and
Exchange Commission's Web site at www.sec.gov.
Stockholders may also obtain a free copy of the proxy
statement/prospectus and Renaissance’s
filings with the Securities and Exchange Commission incorporated by
reference in the proxy statement/prospectus, such as annual, quarterly
and special reports, and other information, directly from Renaissance by
directing a request to Renaissance Investor Relations at the phone
numbers at the end of this press release.
Additional Information
Renaissance's directors and executive officers and other persons may be
deemed, under Securities and Exchange Commission rules, to be
participants in the solicitation of proxies in connection with the
proposed transaction. Information regarding Renaissance's directors and
officers can be found in its Form S-1 filed with the Securities and
Exchange Commission on May 24, 2006 and amendments thereto.. Additional
information regarding the participants in the proxy solicitation and a
description of their direct and indirect interests in the transaction,
by security holdings or otherwise, will be contained in the proxy
statement/prospectus and other relevant materials to be filed with the
Securities and Exchange Commission when they become available.
SHAREHOLDERS OF RENAISSANCE ARE ENCOURAGED TO READ THE FORM S-4 FILING,
WHICH CONTAINS IMPORTANT INFORMATION RELATING TO THE PROPOSED MERGER AND
THE COMPANIES’ BUSINESSES AND OPERATIONS.
About First Communications
First Communications is a leading competitive local exchange carrier in
the Midwestern United States. Founded in 1998, First Communications has
built a highly scalable telecommunications platform, infrastructure and
support system, which represents a combination of world-class
technology, and cutting-edge product offerings. First Communications has
over 214,000 customers, owns 3,500 miles of fiber and owns and manages
327 wireless towers leased to 391 tenants, with contractual rights and
significant opportunity to increase the number of towers. First
Communications is led by a strong management team that has operated
telecom companies throughout all cycles of the telecommunications market.
About Renaissance
Renaissance is a “blank check”
company formed to acquire, through a merger, capital stock exchange,
asset acquisition, reorganization or similar business combination, one
or more businesses, which it believes has significant growth potential.
In 2007, Renaissance through its initial public offering raised, net of
fees and expenses, approximately $107 million which included $2.1
million in a private placement of warrants. Renaissance has dedicated
its time since the initial public offering to seeking and evaluating
business combination opportunities.