Teligent Message Board - Msg: 13258750

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Technology Stocks : Teligent

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Oct 31 9:30 AM EST

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To: Orion who wrote (237)	3/22/2000 2:13:00 PM
From: Orion	Read Replies (1) of 270

Teligent announces equity offerings Company will sell 4 million shares of common stock, $250 million in convertible preferred stock VIENNA, VA., March 21, 2000 ? Teligent, Inc. announced today that it plans to sell four million shares of Class A common stock in a public offering under its effective shelf registration statement. Telcom Ventures, L.L.C., a stockholder of Teligent, also plans to sell two million shares of Teligent common stock in the same offering. Teligent also announced that it concurrently will launch an offering of $250 million of convertible preferred stock, also under the effective shelf registration statement. The preferred shares will be convertible into shares of Teligent Class A common stock and will accrue dividends at a rate to be determined. Each of the offerings is being managed by a group of underwriters led by Merrill Lynch & Co. This communication 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 state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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