View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 20, 1998

ROCKY MOUNTAIN-ICC ACQUISITION DELAYED AGAIN

By CBR Staff Writer

A further delay has hit the acquisition of Internet Communications Corp by Rocky Mountain Internet Inc. In mid- August, Rocky Mountain announced that it was delaying a $175m proposed high yield debt offering, part of which was to be used to fund the $38m acquisition (08/17/98). It was delayed because the Securities and Exchange Commission was investigating the merger between the two Colorado-based companies. The SEC now appears to have given its approval to the merger and the deal was to have closed on Friday at the ICC shareholders meeting. ICC’s majority shareholder has already given the deal the green light. But Rocky Mountain chief financial officer Peter Kushar says there are still some financial issues to be straightened out. The two companies have extended the period to close the merger agreement until October 2.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU