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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): June 11, 1998
PINNACLE HOLDINGS INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
65-0652634
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(Commission File Number) (IRS Employer Identification No.)
1549 Ringling Boulevard, 3rd Floor, Sarasota, FL 34236
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (941) 364-8886
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 11, 1998, Pinnacle Holdings Inc., a Delaware corporation (the
"Company"), issued the press release attached as Exhibit 99 hereto, which is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
Exhibit 99 -- Press Release, dated June 11, 1998.
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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.
PINNACLE HOLDINGS INC.
(Registrant)
By:/s/ Steven R. Day
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Steven Day, Vice President, Secretary and
Chief Financial Officer
Date: June 11, 1998
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EXHIBIT 99
PINNACLE TOWERS INC.
1549 Ringling Blvd., Third Floor
Sarasota, Florida 34236
(941) 364-8886
(941) 364-8761 Fax
FOR IMMEDIATE RELEASE Contact: Steve Day
Thursday, June 11, 1998 (941) 364-8886
or
Steve Holub
(813) 839-0657
PINNACLE TOWERS RETAINS MORGAN STANLEY TO EXPLORE ALTERNATIVES
SARASOTA, Fla., June 11 - Pinnacle Holdings Inc., the parent company of
Pinnacle Towers Inc., announced today that in response to being approached on
several occasions by potential merger partners as well as parties interested in
acquiring the Company, it has engaged the firm of Morgan Stanley & Company
Incorporated to assist the Company in considering its strategic alternatives.
There can be no assurance that any sale, merger, or other transaction will occur
as a result of these activities.
Pinnacle Towers Inc., headquartered in Sarasota, is backed by Boston-based
ABRY Partners, an $825 million private equity firm, investing predominantly in
media-related businesses. Pinnacle has completed approximately 170 tower and
site acquisitions since its formation in May 1995 and today owns approximately
600 towers.
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