Hector Communications Corporation Reports Offer to Acquire Company
September 12 2005 - 12:37PM
PR Newswire (US)
HECTOR, Minn., Sept. 12 /PRNewswire-FirstCall/ -- Hector
Communications Corporation (AMEX:HCT) today acknowledged receipt of
an offer letter from Opportunity Partners L.P. As previously
announced the Company has engaged Legg Mason Wood Walker, Inc. to
assist in evaluating various strategic alternatives. The Company
intends to act in the best interest of all of its shareholders in
undertaking this analysis. Hector Communications Corporation is a
telecommunications holding company that, through its subsidiaries,
provides local telephone, video and high-speed Internet service in
rural communities in Minnesota, Wisconsin and North Dakota. The
Company serves 29,300 telephone access lines, 7,800 cable
television subscribers and 11,200 Internet customers and has
minority ownership interests in other telecommunications companies.
DATASOURCE: Hector Communications Corporation CONTACT: Curtis A.
Sampson, Chairman and Chief Executive Officer, Steven H. Sjogren,
President, or Paul N. Hanson, Vice President and Treasurer, all of
Hector Communications Corporation, +1-320-848-6611
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