-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, QmDoMJUci6VT5tZkLJQafg5nt7EWl+72YBSXY/8D8f2aDQ6QYcjvveqeNrZlUO8o Pw14pCSKzLaATl1ejvPWuw== 0000912057-94-004136.txt : 19941209 0000912057-94-004136.hdr.sgml : 19941209 ACCESSION NUMBER: 0000912057-94-004136 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19941208 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: US WEST INC CENTRAL INDEX KEY: 0000732718 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 840926774 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-56709 FILM NUMBER: 94563739 BUSINESS ADDRESS: STREET 1: 7800 E ORCHARD RD STREET 2: SUITE 480 CITY: ENGLEWOOD STATE: CO ZIP: 80111 BUSINESS PHONE: 3037936629 MAIL ADDRESS: STREET 1: 7800 EAST ORCHARD ROAD STREET 2: SUITE 480 CITY: ENGLEWOOD STATE: CO ZIP: 80111 424B3 1 S-3 Filed pursuant to Rule 424(b)3 Registration No. 33-56709 PROSPECTUS [LOGO] 12,779,091 SHARES OF U S WEST, INC. COMMON STOCK This Prospectus relates to the offer and resale of up to 12,779,091 shares (the "Shares") of common stock, without par value, of U S WEST, Inc. ("U S WEST"). The Shares will be issued initially by U S WEST on December 6, 1994 to Peachtree Cable Holdings, Ltd. ("Peachtree") pursuant to that certain Agreement and Plan of Merger, dated as of July 15, 1994, as amended, among U S WEST, Multimedia Cable, Inc., Wometco Cable Corp. ("Wometco"), Peachtree and Peachtree Cable Associates, Ltd. (the "Merger Agreement"). The Shares may be offered by Peachtree (the "Selling Stockholder") or by its pledgees, donees, distributees, transferees or other successors in interest pursuant to this Prospectus from time to time in transactions on the New York Stock Exchange or other exchanges to which shares of the common stock of U S WEST have been or may be admitted for trading privileges, or in the over-the-counter market, at market prices obtainable at the time of sale, or otherwise in privately-negotiated transactions at prices determined by negotiation at the time of such sales. See "Selling Stockholder" and "Plan of Distribution." None of the proceeds from the sale of the Shares by the Selling Stockholder will be received by U S WEST. U S WEST has agreed to bear all expenses with respect to the registration of the Shares being offered for resale hereby, other than underwriting and brokerage discounts and commissions and transfer taxes, if any, incurred in connection with any resale of the Shares, which will be paid by the Selling Stockholder. See "Selling Stockholder." U S WEST's common stock is listed on the New York Stock Exchange, Inc. (the "NYSE") and the Pacific Stock Exchange under the symbol "USW". Application will be made to have the Shares authorized for listing on the NYSE. On December 5, 1994, the closing price on the New York Stock Exchange Composite Transactions Tape of U S WEST's common stock was $35 3/4. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The date of this Prospectus is December 6, 1994. No person is authorized to give any information or to make any representation with respect to the matters described in this Prospectus other than those contained or incorporated by reference herein or any accompanying Prospectus Supplement and, if given or made, such information or representation must not be relied upon as having been authorized by U S WEST. This Prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. Neither the delivery of this Prospectus nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of U S WEST since the date hereof. ------------------------------- AVAILABLE INFORMATION U S WEST is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, in accordance therewith, files reports, proxy statements, and other information with the Securities and Exchange Commission (the "Commission"). Such reports, proxy statements, and other information concerning U S WEST can be inspected and copied at the public reference facilities maintained by the Commission at 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549, and at the Commission's Regional Offices at Seven World Trade Center, 13th Floor, New York, New York 10048, and Northwestern Atrium Center, 500 West Madison Street, Suite 1400, Chicago, Illinois 60601. Copies of such material can be obtained from the Public Reference Section of the Commission at 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549, at prescribed rates. Such reports, proxy statements and other information concerning U S WEST may also be inspected at the offices of the NYSE, 20 Broad Street, New York, New York 10005 and the Pacific Stock Exchange, 301 Pine Street, San Francisco, California 94104, the securities exchanges on which shares of U S WEST's common stock are listed. U S WEST has filed with the Commission a registration statement on Form S-3 (herein, together with all amendments and exhibits, referred to as the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"). This Prospectus does not contain all of the information set forth in the Registration Statement, certain parts of which are omitted in accordance with the rules and regulations of the Commission. For further information, reference is hereby made to the Registration Statement. 2 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE The following documents which have been filed by U S WEST with the Commission (File No. 1-8611) are incorporated herein by reference: (i) Annual Report on Form 10-K for the year ended December 31, 1993, (ii) Quarterly Reports on Form 10-Q for the quarters ended March 31, 1994, June 30, 1994 and September 30, 1994, (iii) Current Reports on Form 8-K dated January 21, 1994, February 24, 1994, April 1, 1994, April 18, 1994, June 24, 1994, July 15, 1994, July 18, 1994, July 25, 1994 and October 18, 1994, (iv) the description of the Common Stock of U S WEST contained in Item 11 of U S WEST's Registration Statement on Form 10, filed with the Commission on November 16, 1983, as amended, and (v) the description of the Preferred Stock purchase rights as set forth in Item 1 of U S WEST's Registration Statement on Form 8-A, filed with the Commission on April 18, 1989. All documents filed by U S WEST pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this Prospectus and prior to the consummation of the Merger shall be deemed to be incorporated by reference into this Prospectus and to be a part hereof from the date any such document is filed. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Prospectus to the extent that a statement contained herein (or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein) modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Prospectus. U S WEST WILL PROVIDE WITHOUT CHARGE TO EACH PERSON TO WHOM A PROSPECTUS IS DELIVERED, UPON WRITTEN OR ORAL REQUEST OF SUCH PERSON, A COPY OF ANY OR ALL OF THE DOCUMENTS WHICH ARE INCORPORATED BY REFERENCE HEREIN, OTHER THAN EXHIBITS TO SUCH DOCUMENTS (UNLESS SUCH EXHIBITS ARE SPECIFICALLY INCORPORATED BY REFERENCE INTO SUCH DOCUMENTS). REQUESTS SHOULD BE DIRECTED TO THE TREASURER, U S WEST, INC., 7800 EAST ORCHARD ROAD, ENGLEWOOD, COLORADO 80111 (TELEPHONE NUMBER (303) 793-6500). ---------------------------------- 3 THE COMPANY U S WEST is a diversified global communications company engaged in the telecommunications, directory publishing, marketing and entertainment services businesses. Telecommunications services are provided by U S WEST's principal subsidiary to more than 25 million residential and business customers in the states of Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming (collectively, the "U S WEST Region"). Directory publishing, marketing and entertainment services as well as cellular mobile communications services are provided by other U S WEST subsidiaries to customers both inside and outside the U S WEST Region. U S WEST was incorporated in 1983 under the laws of the State of Colorado and has its principal executive offices at 7800 Orchard Road, Englewood, Colorado 80111 (telephone number (303) 793- 6500). SELLING STOCKHOLDER The 12,779,071 Shares to which this Prospectus relates will be issued by U S WEST to the Selling Stockholder in connection with the consummation of the merger of Multimedia Cable, Inc. with and into Wometco (the "Merger"). U S WEST has agreed, pursuant to the terms of the Merger Agreement and as a condition to the consummation of the Merger, to register the Shares for resale by the Selling Stockholder. Upon the consummation of the Merger the Selling Stockholder will own 12,779,071 shares of U S WEST's common stock. After the completion of this offering, the Selling Stockholder will not own any shares of U S WEST's common stock, assuming all of the Shares offered pursuant to this Prospectus are sold. The Selling Stockholder does not hold, and during the past three years has not held, any position, office or other material relationship with U S WEST or any of its predecessors or affiliates. U S WEST has agreed to bear all expenses with respect to the registration of the Shares being offered for resale hereby, other than underwriting and brokerage discounts and commissions and transfer taxes, if any, incurred in connection with any resale of the Shares, which will be paid by the Selling Stockholder. PLAN OF DISTRIBUTION U S WEST has been advised that the Shares may be sold by the Selling Stockholder or by its pledgees, donees, distributees, transferees or other successors in interest pursuant to this Prospectus from time to time in transactions on the NYSE or other exchanges to which shares of the common stock of U S WEST have been or may be admitted for trading privileges, or in the over-the-counter market, at market prices obtainable at the time of sale, or otherwise in privately- negotiated transactions at prices determined by negotiation at the time of such sales. Such transactions may be effected by selling shares directly to purchasers or to or through broker-dealers that may act as agents or principals. Such broker-dealers may receive compensation in the form of underwriting discounts, concessions or commissions from the Selling Stockholder, or its successor or successors in interest, and/or the purchasers of shares for whom broker-dealers may act as agent or to whom they may sell as principal or both (which compensation as to a particular broker-dealer may be less than or in excess of customary commissions). U S WEST will not receive any of the proceeds from any sale of the Shares. This Prospectus may only be used in connection with sales of the Shares so long as the Shares are "restricted securities" within the meaning of Rule 144 of the Securities Act. The Selling Stockholder, its successor or successors in interest, and any broker-dealers who act in connection with the sale of Shares hereunder may be deemed to be "underwriters" as that term is defined in the Securities Act, and any commissions received by them and profit on 4 any resale of the Shares as principal might be deemed to be underwriting discounts and commissions under the Securities Act. EXPERTS The consolidated financial statements and the consolidated financial statement schedules included in U S WEST's Annual Report on Form 10-K for the year ended December 31, 1993 are incorporated herein by reference in reliance on the reports of Coopers & Lybrand L.L.P., independent certified public accountants, given upon the authority of that firm as experts in accounting and auditing. LEGAL MATTERS The validity of the Shares and certain legal matters relating thereto will be passed upon for U S WEST by Stephen E. Brilz, Senior Attorney of U S WEST. 5 -----END PRIVACY-ENHANCED MESSAGE-----