Dex Media, Inc. to Begin Trading on The New York Stock Exchange
22 Juillet 2004 - 2:00PM
PR Newswire (US)
Dex Media, Inc. to Begin Trading on The New York Stock Exchange
Shares to Trade Under Ticker Symbol "DEX" DENVER, July 22
/PRNewswire-FirstCall/ -- Dex Media, Inc. (NYSE:DEX) will begin
trading its common stock on the New York Stock Exchange (NYSE) on
Thursday, July 22, under the new ticker symbol "DEX." The initial
public offering of 53,061,224 shares of common stock will be priced
at $19.00 per share. In the offering, 19,736,842 shares are being
sold by Dex Media, Inc. and 33,324,382 shares are being sold by the
selling shareholder. The underwriters have an option to purchase
from the selling shareholder up to 7,959,000 additional shares to
cover any over-allotments. Dex Media will not receive any of the
proceeds from the sale of shares by the selling shareholder. Morgan
Stanley, Lehman Brothers Inc. and Merrill Lynch & Co. served as
joint book running managers for the offering, with Banc of America
Securities LLC, Citigroup, Credit Suisse First Boston, Deutsche
Bank Securities, Goldman Sachs & Co., JP Morgan and Wachovia
Securities acting as co-managers. A registration statement relating
to this offering was filed with and declared effective by the
Securities and Exchange Commission. The offering is being made
solely by means of a prospectus. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
and there shall not be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. A copy of the
final prospectus related to this offering may be obtained from:
Morgan Stanley Attn: Prospectus Dept. 1585 Broadway New York, NY
10036 (212) 761-4000 Lehman Brothers Inc. 745 Seventh Ave. New
York, NY 10019 (212) 526-7000 Merrill Lynch & Co. 4 World
Financial Center New York, NY 10080 (212) 449-1000 Contacts:
Investor Contact: Media Contact: Brooke Martellaro Pat Nichols
(303) 784-1197 (303) 784-1555 About Dex Media, Inc. Dex Media, Inc.
is the exclusive publisher of the official White and Yellow Pages
directories for Qwest Communications International Inc. The company
publishes 259 directories in the Arizona, Colorado, Idaho, Iowa,
Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon,
South Dakota, Utah, Washington and Wyoming. In 2003, after giving
effect to the acquisition of Dex Media West, LLC, Dex Media, Inc.
generated revenues of approximately $1.6 billion. Dex Media printed
and distributed approximately 43 million print directories and
CD-ROMs and served more than 400,000 local and 4,000 national
advertisers in 2003. The company's leading Internet-based
directory, DexOnline.com, is the most used Internet Yellow Pages in
the states Dex Media serves, according to market research firm
comScore. Safe Harbor for Forward-Looking and Cautionary Statements
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements involve a number of risks, uncertainties and other
factors that could cause actual results, performance or
achievements of the Companies to be materially different from any
future results, performance or achievements expressed or implied by
these forward-looking statements. The following important factors
could affect future results: continuing weakness in the U.S.
economy; increased competitive pressure from other directory
publishers or media companies; changes in interest rates or a
reduction in the Companies' cash flow that could impair the
Companies' ability to service its debt obligations; the Companies'
high level of indebtedness; and risks related to the start-up of
new print or Internet directories and media services. Other factors
which could materially affect such forward-looking statements can
be found in Dex Media's Registration Statement on Form S-1,
including the risk factors. Investors, potential investors and
other readers are urged to consider these factors carefully in
evaluating the forward- looking statements and are cautioned not to
place undue reliance on such forward-looking statements. The
forward-looking statements made herein are only made as of the date
of this press release and the Companies undertake no obligation to
publicly update such forward-looking statements to reflect
subsequent events or circumstances. DATASOURCE: Dex Media, Inc.
CONTACT: Investors, Brooke Martellaro, +1-303-784-1197, or , or
Media, Pat Nichols, +1-303-784-1555, or , both of Dex Media, Inc.
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