Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: jlib who wrote (12658)	3/4/1999 9:23:00 AM
From: Mr.Manners	Read Replies (1) of 122087

GTSG - just in case you're still following it.. more shares issued: Wednesday March 3, 11:58 pm Eastern Time Global TeleSystems holders OK stk issuance McLEAN, Va., March 3 (Reuters) - Global TeleSystems Group Inc. said Wednesday its stockholders have approved the issuance of new shares of stock of Global TeleSystems in accordance with Global TeleSystem's offer to buy the issued and outstanding share capital of Esprit Telecom Group (Nasdaq:ESPRY - news) . Each Esprit Telecom securityholder will receive 0.1271 of a share of new common stock of GTS for each ordinary share of Esprit Telecom held by such holder, and 0.89 of a share of new common stock of GTS for each American Depositary Share of Esprit Telecom held by such holder. The offer is open for acceptance during an initial offer period that is due to expire March 4. On the close of business on March 3, valid acceptances had been received in respect of 49.94 million Esprit Telecom shares and 9.7 million Esprit Telecom ADSs, representing about 93.5 percent of Esprit Telecom ordinary shares.

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