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As filed with the Securities and Exchange Commission on October 20, 2000
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): October 20, 2000
CAIS INTERNET, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-26103 52-2066769
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(Commission File Number) (I.R.S. Employer Identification No.)
1255 22nd Street, N.W. 20037
Washington, D.C. (Zip Code)
(Address of Principal Executive Offices)
(202) 715-1300
(Registrant's Telephone Number, Including Area Code)
With a copy to:
Larry M. Spirgel, Esq.
Morrison & Foerster llp
2000 Pennsylvania Avenue, NW Suite 5500
Washington, D.C. 20006-1888
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Item 5. OTHER EVENTS.
On October 20, 2000, CAIS Internet, Inc., a Delaware corporation ("CAIS")
announced that it had entered into a definitive agreement with Cisco Systems,
Inc. to sell its broadband subscriber management software business of CAIS
Software Solutions, Inc. ("CAISSoft").
Under the terms of the agreement, cash and Cisco common stock worth an
aggregate of approximately $170 million (US) will be exchanged for the stock
options and assets of the broadband subscriber management software business of
CAISSoft. The sale has been approved by the board of directors of each company
and is subject to various closing conditions. Gross cash proceeds to CAIS will
be approximately $147 million, of which approximately 27% will be placed in
escrow.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
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99.1 Press Release issued by CAIS dated October 20, 2000.
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.
CAIS INTERNET, INC.
Date: October 20, 2000 By: /s/ Barton R. Groh
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Barton R. Groh
Vice President, Chief Financial Officer
and Treasurer
