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Article: TV Azteca Announces Up to US$158 Million Capital Increase.
- Article from:
- PR Newswire
- Article date:
- June 11, 1999
CopyrightCOPYRIGHT 1999 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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Proceeds to Fund Payment of Concessions for Wireless Joint Venture
Up to 32 million ADS-equivalents at US$5.00 per ADS-equivalent
MEXICO CITY, June 10 /PRNewswire/ -- TV Azteca, S.A. de C.V. (NYSE: TZA; Bolsa Mexicana De Valores: TVAZTCA) announced today that at an extraordinary shareholders' meeting held at its corporate offices in Mexico City, shareholders approved an increase of the capital stock of the Company of up to US$158 million (Ps. 1,500 million).
The capital increase contemplates the issuance of up to 1,516 million new TV Azteca shares (equivalent to approximately 505 million CPOs or 32 million ADSs) at a purchase price of Ps. 0.9896 ...