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Revision History For: Pinnacle Holdings Inc. (BIGT)

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Return to Pinnacle Holdings Inc. (BIGT)

Pinnacle Holdings provides wireless communications rental tower space in the southeastern US, including Atlanta; Birmingham, Alabama; New Orleans; and Orlando and Tampa, Florida. The company, which intends to qualify as a real estate investment trust (REIT), owns about 650 towers, the majority of which it has gained through acquisitions. It has agreements to acquire nearly 200 more towers. Pinnacle leases its towers to wireless communications providers, operators of private networks, and government agencies. Its customers include Sprint, Motorola, SkyTel Communications, and the FBI. The company plans to continue to grow through acquisitions and new tower construction.
Additional Sources

Web Site: pinnacletowers.com

Filing date: July 17, 1998
Expected IPO date: Week of Jan. 25

Exchange: Nasdaq
Proposed ticker: BIGT

Proposed offer price:
$14.00 to $16.00
Shares offered (mil.): 10.0
Offering amount (mil.): $202.5

Underwriters:
Morgan Stanley Dean Witter; Salomon Smith Barney; Goldman, Sachs & Co.; NationsBanc Montgomery Securities LLC; Raymond James & Associates, Inc.