Valor Comm (NYSE:VCG)
Historical Stock Chart
From Jul 2019 to Jul 2024
Valor Communications Group Prices Initial Public Offering at
$15.00 Per Share
IRVING, Texas, Feb. 9 /PRNewswire-FirstCall/ -- Valor Communications Group,
Inc. (NYSE:VCG), today announced that it has priced its initial public offering
of 29,375,000 shares of common stock at $15.00 per share.
All shares in the offering are offered by Valor Communications Group. The
selling stockholders have granted the underwriters the right to purchase up to
an additional 4,406,250 shares at the initial public offering price.
Valor Communications Group common stock is expected to begin trading today on
the New York Stock Exchange under the ticker symbol "VCG."
Merrill Lynch & Co., Banc of America Securities LLC and J.P. Morgan Securities
Inc. are acting as co-lead managers in this offering.
This press release shall not constitute an offer to sell, or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
jurisdiction or state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such jurisdiction or state. The initial public offering is being made solely
by means of a prospectus, which may be obtained from Merrill Lynch & Co.,
Prospectus Department, 4 World Financial Center, New York, NY 10080
(212-449-1000).
About Valor Communications Group
Valor Communications Group is one of the largest providers of
telecommunications services in rural communities in the southwestern United
States. The company offers to residential, business and government customers a
wide range of telecommunications services, including: local exchange telephone
services, which covers basic dial-tone service as well as enhanced services,
such as caller identification, voicemail and call waiting; long distance
services; and data services, such as providing digital subscriber lines. Valor
Communications is headquartered in Irving, Texas.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding Valor Communications' business
which are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ materially from those contained in
the forward-looking statements, see "Risk Factors" in the prospectus dated
February 8, 2005, relating to the Company's initial public offering of common
stock.
DATASOURCE: Valor Communications Group, Inc.
CONTACT: investor relations, Keith Terreri, +1-972-373-1296, or fax,
+1-972-373-1150, or , or media, Cynthia T. Cruz,
+1-972-373-1134, or fax, +1-469-420-2540, or , both of
Valor Communications Group, Inc.
Web site: http://www.valortelecom.com/