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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) September 19, 1999
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IXC Communications, Inc.
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(Exact name of registrant as specified in its charter)
California 0-20803 74-2644120
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1122 Capital of Texas Highway South, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 328-1112
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
The Company's board of directors approved a request under Delaware law
by Oak Hill Capital Partners, L.P., ("Oak Hill") to allow Oak Hill and its
affiliates to purchase up to five percent of IXC's common stock in the open
market. As a condition of the approval, Oak Hill agreed that its purchases would
be timed to be effective after the September 22, 1999 record date for
stockholder approval of the proposed merger with Cincinnati Bell Inc.
("Cincinnati Bell"), so that Oak Hill could not vote the shares purchased. In
addition, Oak Hill agreed not to solicit proxies from the record holders of the
shares purchased. In connection with the merger, as previously announced, Oak
Hill has invested $400 million in Cincinnati Bell.
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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.
IXC Communications, Inc.
Dated: September 20, 1999 By: /s/ JEFFREY C. SMITH
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Jeffrey C. Smith
Senior Vice President, Chief
Administrative Officer,
General Counsel and Secretary
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