Pacific Telesis said that up to 15...

Pacific Telesis said that up to 15 million shares of its cellular and paging unit will be offered to the public at an initial offering price between $19 and $22 per share, or a total of $285 million to $330 million. If all 15 million shares are sold, public stockholders will own 12.5% of the company, a spokeswoman said. But Pacific Telesis’ 105 million Class B shares give it 98% of the combined voting power of the two classes of stock.