September 9, 1996
CONTACTS: Susan Kraus of NYNEX, 212-395-0500, or Eric Rabe of Bell Atlantic, 215-963-6531
NYNEX and Bell Atlantic Complete Joint Proxy Statement/Prospectus for Merger
Special Shareowner Meeting Dates Set
NEW YORK, and PHILADELPHIA, Sept. 9 -- NYNEX and Bell Atlantic announced today that the SEC has completed its review of the
joint proxy statement/prospectus for their proposed merger, and that mailings to shareowners will begin on Sept. 18.
Special shareowner meetings for voting on the merger have been scheduled in New York City on Nov. 6 for NYNEX and in Richmond, VA, on Nov. 8 for Bell Atlantic.
The companies are working to complete the merger as quickly as possible and hope to close the merger as early as Jan. 1, 1997.
As stated in the proxy statement/prospectus, the companies believe their merger will create a premier communications company that will be better positioned to compete in the rapidly changing communications industry, and that the merger will allow them to accelerate long-term growth, continue to provide competitive dividends, and create stockholder value in years to come.
NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic.
The Corporation is a leader in the telecommunications, wireless communications, cable television, directory publishing and entertainment and information services.
FAX copies of recent NYNEX news releases are available free of charge, 24 hours a day. Call 1-800-331-1214 and an automated system will provide instructions.