Nortel Networks (NT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nortel Networks (NT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sylvester80 who wrote (12891)	6/3/2002 4:56:59 PM
From: sylvester80	Read Replies (1) of 14638

Nortel Networks launches $800 mln equity offerings IMO, they sure picked the worse time to do this. biz.yahoo.com Monday June 3, 4:32 pm Eastern Time Reuters Company News Nortel Networks launches $800 mln equity offerings (Figures in U.S. dollars unless noted) TORONTO, June 3 (Reuters) - Nortel Networks Corp. (Toronto:NT.TO - News; NYSE:NT - News) said on Monday it had launched two concurrent offerings of equity units and 150 million common shares, which are expected to raise net proceeds of $800 million. Nortel said in a statement the proceeds "will be used by Nortel Networks for general corporate purposes, or otherwise advanced to or invested in its subsidiaries to be used for general corporate purposes." Nortel said the closings of the two offerings will be set after pricing and are not conditioned on each other. Credit Suisse First Boston, JP Morgan and Salomon Smith Barney are the joint book-running managers of the equity unit offering. Credit Suisse First Boston and RBC Capital Markets are joint book-running managers of the common share offering. ($1=$1.53 Canadian)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next