-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V38BW5Hics81d2nzQidDGbaA8at8SikgTHgicA439fDxd8NpLsVj6Lp8q60Y+Z+7 1fp28FeXztGYjkHotIO2Wg== 0000906280-96-000121.txt : 19961104 0000906280-96-000121.hdr.sgml : 19961104 ACCESSION NUMBER: 0000906280-96-000121 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961101 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURY TELEPHONE ENTERPRISES INC CENTRAL INDEX KEY: 0000018926 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 720651161 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-17114 FILM NUMBER: 96652783 BUSINESS ADDRESS: STREET 1: P O BOX 4065 STREET 2: 100 CENTURY PARK DR CITY: MONROE STATE: LA ZIP: 71211-4065 BUSINESS PHONE: 3183889500 MAIL ADDRESS: STREET 1: P O BOX 4065 STREET 2: P O BOX 4065 CITY: MONROE STATE: LA ZIP: 71211-4065 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL TELEPHONE & ELECTRONICS CORP DATE OF NAME CHANGE: 19720512 424B3 1 Filed Pursuant to Rule 424(b)(3) and 424(c) Registration Statement No. 33-17114 SUPPLEMENT TO THE PROSPECTUS of CENTURY TELEPHONE ENTERPRISES, INC. dated February 6, 1995 (relating to the Century Telephone Enterprises, Inc. Automatic Dividend Reinvestment and Stock Purchase Service) The information set forth below supplements and updates the information furnished in the Prospectus of Century Telephone Enterprises, Inc. (the "Company") dated February 6, 1995 relating to the Company's Automatic Dividend Reinvestment and Stock Purchase Service (the "Plan"). Adoption of New Rights Plan On August 27, 1996, the Board of Directors of Century Telephone Enterprises, Inc. (the "Company") declared a dividend payable November 1, 1996 of one preference share purchase right ("Right") for each outstanding share of common stock of the Company ("Common Shares") held of record on September 30, 1996 (the "Record Date"), and for each Common Share that becomes outstanding between the Record Date and the earliest of the Distribution Date (as defined below) or the date the Rights are redeemed or expire. The Rights will be issued pursuant to a Rights Agreement dated as of August 27, 1996 (the "Rights Agreement") between the Company and Society National Bank, as Rights Agent. Generally, the Rights become exercisable only after an entity acquires 15% or more of the outstanding Common Shares or commences or announces a tender offer that will result in the entity owning 15% or more of the Common Shares (the "Distribution Date"). Following any Distribution Date, each Right will entitle the holder to purchase from the Company one one-hundredth of a share of the Company's Series BB Participating Cumulative Preference Stock ("Preference Shares") for an exercise price of $110, subject to adjustment under certain circumstances. After an entity acquires 15% or more of the outstanding Common Shares, each Right would then entitle its holder (other than the acquiring entity) to purchase, at the exercise price, the number of Common Shares or other securities of the Company (or, in certain situations, the acquiring entity) having a market value of twice the Right's exercise price. Under certain circumstances, the Company may redeem the Rights at $.01 each or exchange each Right for one Common Share. The Rights will expire on November 1, 2006, unless such date is extended or the Rights are redeemed or exchanged earlier by the Company. The Rights are intended to replace preferred stock purchase rights issued under the Company's November 17, 1986 rights plan. The rights issued under this 1986 plan will expire on November 27, 1996. By virtue of the distribution of Rights described above, each Common Share held of record on the Record Date by the Plan will have one Right attached thereto. In addition, for each newly-issued Common Share that is registered in the Plan's name for the account of participants between the Record Date and the earliest of the Distribution Date or the date the Rights are redeemed or expire, the Plan will receive one Right (subject to adjustment under certain circumstances). A copy of the Rights Agreement is available upon request to the Company, 100 Century Park Drive, Monroe, Louisiana 71203, Attention: Secretary. The date of this Supplement is November 1, 1996. -----END PRIVACY-ENHANCED MESSAGE-----