Allstream receives final court order
May 14 2004 - 11:52AM
PR Newswire (US)
Allstream receives final court order TORONTO, May 14
/PRNewswire-FirstCall/ -- Allstream Inc. (TSX:ALR.A; ALR.B; NASDAQ:
ALLSA; ALLSB) announced today that the final order of the Ontario
Superior Court of Justice (Commercial List) relating to the
arrangement transaction (the "Arrangement") involving Allstream
Inc. and Manitoba Telecom Services Inc. was granted today in
Toronto, Ontario. The completion of the Arrangement is still
expected to close some time in early June, subject to certain
regulatory approvals under the Competition Act in Canada and by the
Federal Communications Commission in the United States. As
previously announced, the deposit date for holders of Allstream's
Class A Voting and Class B Limited Voting Shares to submit
completed letters of transmittal and Allstream share certificates
in exchange for MTS shares and cash has been extended to May 27,
2004 from the initial deposit date of May 14, 2004. About Allstream
Allstream is a leading communication solutions provider with a
world-class portfolio of Connectivity, Infrastructure Management
and IT Services. Focused on the Business market, Allstream
collaborates with customers to create tailored solutions that meet
their unique needs and help them compete more effectively. Spanning
more than 18,800 kilometres, Allstream has an extensive broadband
fibre-optic network and the greatest reach of any competitive
communication solutions provider in Canada, and provides
international connections through strategic partnerships and
interconnection agreements with other international service
providers. Allstream is a public company with its stock traded on
the Toronto Stock Exchange under the symbols ALR.A and ALR.B and
the NASDAQ National Market system under the symbols ALLSA and
ALLSB. Visit Allstream's website, http://www.allstream.com/ for
more information about the company. Note to Allstream Investors
This news release includes statements about expected future events
and/or financial results that are forward-looking in nature and
subject to risks and uncertainties. For those statements, we claim
the protection of the safe harbor for forward-looking statements
provisions contained in the United States Private Securities
Litigation Reform Act of 1995. The Company cautions that actual
performance will be affected by a number of factors, many of which
are beyond the Company's control, and that future events and
results may vary substantially from what the Company currently
foresees. Discussion of the various factors that may affect future
results is contained on page 1 of the Company's Annual Information
Form dated April 8, 2004, which is filed with the Securities and
Exchange Commission, the Ontario Securities Commission, and SEDAR.
DATASOURCE: Allstream Inc. CONTACT: Media: May Chong, Allstream,
(416) 345-2342, ; Investors and Analysts: Brock Robertson, (416)
345-3125, ; Dan Coombes, (416) 345-2326,
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