Both Carlyle and Welsh, Carson, Anderson & Stowe, who collectively own 52% of Dex, have agreed to vote in favor of the transaction and will each appoint 1 of the Dex appointees to the board. RHD and Dex will appoint 7 and 6 directors, respectively, to the 13 member board. The transaction is subject to approval from each company’s shareholders, regulatory approval and other closing conditions and is expected to close in the first quarter of 2006. Upon completion of the transaction, current RHD and Dex shareholders will own approximately 47% and 53% of the combined company, respectively. The Goldman Sachs affiliates have agreed to vote in favor of the transaction and their warrants will remain outstanding. The preferred shares were convertible into approximately 5.2 million RHD common shares as of September 30, 2005. for approximately $337 million including accrued dividends. RHD has also agreed to repurchase the remaining outstanding convertible preferred stock issued upon completion of the Sprint Publishing and Advertising acquisition in January 2003 and held by investment partnerships affiliated with The Goldman Sachs Group, Inc.
Significantly larger combined scale and portfolio of diversified and rapidly growing markets creates a powerful platform to drive advertising growth and efficiency of operations." RHD adds a long history of excellence in sales and marketing execution that should improve operational performance across the combined company. "I look forward to working with Dave to help grow this business," said George Burnett, President and CEO of Dex Media. "Dex brings a proven marketing capability, a leading online operation and a track record for innovation that will allow us to accelerate our growth. Donnelley’s Chairman and Chief Executive Officer. This combination will create a company with the scale, innovative products and services and proven business processes to lead our industry into the era of integrated local commercial search, encompassing both print and digital platforms." said David C. "We are thrilled to be joining with Dex Media. The company will operate coast-to-coast across 28 states with over 600 directories having a total circulation of 73 million, serving over 650,000 local and national advertisers.
DEX ONLINE FLORIDA PRO
The combined company will be the third largest print and Internet directory publisher in the United States with pro forma annual revenues of over $2.7 billion. RHD will also assume Dex’s net debt outstanding, expected to be approximately $5.3 billion at year end 2005. In aggregate, current Dex shareholders will receive approximately $1,850 million in cash and 36.4 million RHD shares, for total equity consideration of approximately $4.2 billion. Under the terms of the agreement, each Dex share will be exchanged for $12.30 in cash and 0.24154 RHD shares. Donnelley has entered into a definitive agreement to acquire Dex Media. (NYSE: Dex), two leading yellow pages publishers and directional media companies, today announced that R.H. Donnelley Corporation (NYSE: RHD) and Dex Media, Inc.
DEX ONLINE FLORIDA HOW TO
They have a nice building and a good location, but there's no direction on how to get tasks done and no way of ensuring that you're able to get them done efficiently.CARY, NC and ENGLEWOOD, CO - R.H.
Micromanaging is huge here no one trusts you to do your job so every 2 minutes you'll be asked what you're working on and what you're doing just in case you're doing something like not working in some way. As a new person you'll find yourself swamped with a ton of work, most of which was left by the people who had the job before you and just never bothered to finish it or perhaps they didn't have time, because every time I started a task the person who was supposedly training me would stop me and hand me something else to do, so I never actually finished anything I was given. Don't you dare even think about calling off sick, having an emergency or even taking a personal call during work time.
You're left to guess what to do and most of the time you're going to guess incorrectly because no one has explained how to do anything. Well, what training? It's essentially people throwing tips over their shoulder at you as you try to get things done. This place is loaded with clicks and if you don't fit in you'll be sitting by yourself and ignored.
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