-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tfr60dMDe0upk3xGBJlTCvYbm9XB9BmwYSPUoSQTefuavn1ZGLFG83/BjB64Ei30 KFtd5SGYMZteVx9O4/Wo1Q== 0000914749-99-000021.txt : 19990713 0000914749-99-000021.hdr.sgml : 19990713 ACCESSION NUMBER: 0000914749-99-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990707 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAI WIRELESS SYSTEMS INC CENTRAL INDEX KEY: 0000914749 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 061324691 STATE OF INCORPORATION: CT FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-71662 FILM NUMBER: 99662306 BUSINESS ADDRESS: STREET 1: 18 CORPORATE WOODS BLVD STREET 2: THIRD FLOOR CITY: ALBANY STATE: NY ZIP: 12211 BUSINESS PHONE: 5184622632 MAIL ADDRESS: STREET 1: 18 CORPORATE WOODS BLVD STREET 2: 3RD FLOOR CITY: ALBANY STATE: NY ZIP: 12211 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 9, 1999 (July 7, 1999) CAI WIRELESS SYSTEMS, INC. (Exact name of registrant as specified in its charter)
Connecticut 0-22888 06-1324691 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation)
18 CORPORATE WOODS BLVD., ALBANY, NY 12211 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (518) 462-2632 (Former name or former address, if changed since last report) Item 5 - OTHER EVENTS The following news release was issued on July 7, 1999: FCC CLEARS WAY FOR MCI WORLDCOM ACQUISITION OF CAI WIRELESS-Transfer of Control Applications Approved (see exhibit 99.1). Item 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS C. Exhibits
EXHIBIT NO. EXHIBIT DESCRIPTION LOCATION 99.1 Media release - CAI Wireless Systems, Inc. announces that the FCC has approved the transfer of control of various licenses for wireless spectrum controlled by CAI to MCI WORLDCOM, Inc.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIGNATURE TITLE DATE /S/ JAMES P. ASHMAN Executive Vice President and July 9, 1999 James P. Ashman Chief Financial Officer
EX-99 2 EX-99.1 FOR IMMEDIATE RELEASE Investor Relations Contact: Company Contact: John G. Nesbett/Vince Daniels James P. Ashman Lippert/Heilshorn & Associates CFO, CAI Wireless Systems, Inc. 212-838-3777 518-462-2632 FCC CLEARS WAY FOR MCI WORLDCOM ACQUISITION OF CAI WIRELESS --TRANSFER OF CONTROL APPLICATIONS APPROVED-- Albany, NY - July 7, 1999 - CAI Wireless Systems, Inc. (OTC BB: CWSS)("CAI") today announced that the Federal Communications Commission ("FCC") has approved the transfer of control of various licenses for wireless spectrum controlled by CAI to MCI WORLDCOM, Inc. CAI and MCI WorldCom jointly submitted transfer applications relating to multichannel multipoint distribution service and multichannel distribution service ("MMDS") channels, the wireless communications service ("WCS") channels and auxiliary point-to-point spectrum in connection with MCI WorldCom's pending acquisition of CAI common stock. MCI WorldCom, which currently holds approximately 48% of CAI's common stock, now is expected to acquire additional shares following this FCC action, resulting in ownership of more than 50% of CAI's common stock. Subject to shareholder approval, CAI also expects to merge with a wholly-owned subsidiary of MCI WorldCom during the third quarter of the 1999 calendar year. The FCC granted the MMDS application with one condition. On June 30, 1999, the FCC announced that the condition had been fulfilled by CAI. The FCC unconditionally granted several auxiliary applications and issued special temporary authority ("STA") for MCI WorldCom to acquire control of CAI with respect to the WCS and certain other auxiliary spectrum applications. The STAs will remain in effect until the FCC processes and grants the applications to which they apply. Under FCC rules, interested parties may file a petition for reconsideration of any license grant at any time up to 30 days after public notice of the grant. The filing of a reconsideration petition does not stay the effectiveness of the grant, but would require the FCC to review its initial decision granting the application. To date, no parties have opposed the applications. Under the merger agreement, FCC approval must be obtained or made by a final order of the FCC, subject to MCI WorldCom's right to waive this condition. Final order means, among other things, that such approval is no longer subject to appeal, or a petition to reconsider. While the FCC approvals permit MCI WorldCom to acquire additional shares, the merger agreement condition has not yet been satisfied. CAI also announced that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, expired on May 30, 1999. STATEMENTS CONTAINED IN THIS PRESS RELEASE MAY CONSTITUTE FORWARD- LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. ACTUAL RESULTS OF CAI MAY DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS AND MAY BE AFFECTED BY A NUMBER OF FACTORS INCLUDING CAI'S ABILITY TO SATISFY THE VARIOUS CONDITIONS CONTAINED IN THE AGREEMENT AND PLAN OF MERGER DATED AS OF APRIL 26, 1999 AMONG CAI, MCI WORLDCOM, INC. AND CARDINAL ACQUISITION SUBSIDIARY INC., INCLUDING, AMONG OTHER THINGS, THE RECEIPT OF FINAL REGULATORY APPROVALS NECESSARY TO CONSUMMATE THE MERGER, AND OTHER FACTORS CONTAINED HEREIN AND IN CAI'S SECURITIES FILINGS. THERE CAN BE NO ASSURANCE THAT THE TRANSACTIONS CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER WILL BE CONSUMMATED ON A TIMELY BASIS, IF AT ALL. ###
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