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Article: How The U S WEST Media Group and Continental Cablevision Merger Affects Continental Shareowners
- Article from:
- PR Newswire
- Article date:
- November 15, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENGLEWOOD, Colo., Nov. 15 /PRNewswire/ -- As part of their merger announced today, U S WEST Media Group (NYSE: UMG) and Continental Cablevision said the closing would have the following effect on Continental shareowners:
For each share they own, holders of Continental's Class A Common Stock will receive 0.841920 of a share of U S WEST Media Group Common Stock, and 0.246344 of a share of U S WEST Series D Convertible Preferred Stock;
Continental's Class B shareholders may choose one of three options:
1. Standard Election - Class B shareholders would receive a combination of U S WEST Media Group Common Stock, U S WEST Series D ...