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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: April 7, 1995
AT&T Corp.
A New York Commission File I.R.S. Employer
Corporation No. 1-1105 No. 13-4924710
32 Avenue of the Americas, New York, New York 10013-2412
Telephone Number (212) 387-5400
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Form 8-K
April 7, 1995 AT&T Corp.
Item 5. Other Events
LIN Broadcasting Corporation ("LIN") is 52% owned by AT&T Corp. ("AT&T")
indirectly through McCaw Cellular Communications, Inc. ("McCaw"). Under a
Private Market Value Guarantee agreement ("PMVG"), McCaw has the right to
acquire the remaining 48% of LIN shares at the private market value per share
of LIN (the "Private Market Price") determined by independent appraisers. On
March 7, 1995, the Private Market Price was determined to be $127.50 per
share.
On April 7, 1995, the Board of Directors of AT&T and the Board of
Directors of McCaw decided to proceed with the acquisition of the outstanding
LIN shares. Based on the approximately 25 million shares of LIN held by
non-affiliates of McCaw, the total purchase price will be approximately $3.3
billion.
The acquisition is subject to the approval of the holders of a majority of
the LIN shares held by non-affiliates of McCaw present and entitled to vote at
a meeting of LIN shareholders.
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Form 8-K
April 7, 1995 AT&T Corp.
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 thereunto duly authorized.
AT&T Corp.
By: S.L. Prendergast
Vice President and Treasurer
April 11, 1995
