Brasilcel, The Holding Company That Controls Vivo, The Southern Hemisphere's Largest Wireless Communications Group, Announces Vo
25 Août 2004 - 11:19AM
PR Newswire (US)
Brasilcel, The Holding Company That Controls Vivo, The Southern
Hemisphere's Largest Wireless Communications Group, Announces
Voluntary Cash Tender Offers For Shares of Tele Sudeste, Tele Leste
and Celular CRT SAO PAULO, Brazil, Aug. 25 /PRNewswire-FirstCall/
-- Tele Sudeste Celular Participacoes S.A. - ("Tele Sudeste")
(NYSE: TSD; BOVESPA: TSEP3 (ON); TSEP4 (PN)); Tele Leste Celular
Participacoes S.A. - ("Tele Leste") (NYSE: TBE; BOVESPA: TLCP3
(ON); TLCP4 (PN)); Celular CRT Participacoes S.A. - ("CRT" and,
together with Tele Sudeste and Tele Leste, the "Companies")
(BOVESPA: CRTP3 (ON) / CRTP5 (PN)), inform their respective
shareholders that Brasilcel N.V. ("Brasilcel"), controlling
shareholder of the Companies, intends to launch voluntary public
tender offers ("VTOs") in cash for the acquisition of up to the
maximum number of shares of each class of each Company, as
indicated below ("Maximum Numbers of Shares"): CRT Tele Leste
Common Preferred Common Preferred Maximum Numbers of Shares (by
class 60,529,000 441,690,000 16,723,247,000 92,499,407,000 Tele
Sudeste Common Preferred Maximum Numbers of Shares (by class
7,332,479,000 12,699,707,000 In no event will Brasilcel purchase
more than the Maximum Numbers of Shares. In the event of excess of
demand in the auctions, a pro rata adjustment will be made among
the shareholders holding that class of shares who tender their
shares in the applicable VTO. The respective prices to be paid for
the shares of each class of shares issued by the Company are
indicated in the table below, per lot of thousand shares (the
"Prices"). Each of these prices represents a premium of 20% (twenty
percent) over the weighted average closing price of the applicable
class of shares of that Company over the last 30 (thirty) trading
days on the Sao Paulo Stock Exchange ("Bovespa"). CRT Tele Leste
Tele Sudeste Common Preferred Common Preferred Common Preferred
Price per lot of thousand shares (R$) 575.31 718.69 0.90 1.10 6.35
7.80 Please access the full press release on SEC website, CVM
website and or http://www.vivo.com.br/ir . CONFERENCE CALL TO
DISCUSS THESE ISSUES English Event: Date: August 25, 2004
(Wednesday) Time: 12 pm (Sao Paulo time) and 11 am (New York time)
Telephone: +1 (973) 409-9261 (International participants)
Telephone: +1 (888) 335-6974 (US/Canada participants) ID code: Vivo
or 5099819 Webcast: http://www.vivo.com.br/ir DATASOURCE: Tele
Sudeste Celular Participacoes S.A. CONTACT: Investor Relations,
Ronald Aitken or Arthur Fonseca, or +5511-5105-1182 Web site:
http://www.telespcelular.com.br/ http://www.vivo.com.br/ir
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