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To: drsvelte who wrote (2918)	9/13/1998 7:26:00 PM
From: Shelia Jones	Respond to of 14427

Hi drsvelte, The big news is old news. A poster whom I've never seen before suggests SCTR may be changing their name (or perhaps merging) soon, ie , "big news" coming. OmniAmerica and Specialty Teleconstructors Complete $575 Million Merger Forming Nation's Leading Full-Service Transmission Tower Company BusinessWire, Friday, April 24, 1998 at 08:21 WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 24, 1998-- OmniAmerica Holdings Corporation and Specialty Teleconstructors, Inc. (NASDAQ:SCTR) today announced that they have completed their previously announced stock-for-stock merger, forming a full-service turnkey provider of transmission tower-related services and site leasing. As a result, OmniAmerica will become a wholly-owned subsidiary of Specialty Teleconstructors. Based on Specialty Teleconstructors' Nasdaq closing price of $38.50 on Thursday, April 23, 1998, the transaction has an indicated value of approximately $575 million on a fully diluted basis. Under final terms of the transaction, OmniAmerica's ownership group will receive 6.75 million newly issued shares of Specialty Teleconstructors in exchange for 100% of OmniAmerica's capital stock. OmniAmerica's ownership group is now the largest stockholder of the combined company, with an ownership interest of approximately 45 percent. OmniAmerica, formed in September 1997 by Carl E. Hirsch and Anthony S. Ocepek in partnership with Hicks, Muse, Tate & Furst Incorporated, was privately held. The resulting company will continue to be a publicly traded, Nasdaq-listed company and will initially be known as Specialty Teleconstructors, Inc. (NASDAQ:SCTR). It is contemplated that the company will be renamed OmniAmerica and that it will change its ticker symbol to "XMIT" as soon as shareholder approval can be obtained....