SBS (SBTVF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : SBS (SBTVF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (1)	6/9/1999 6:54:00 AM
From: RockyBalboa	Read Replies (1) of 3

SBTV news: biz.yahoo.com SBS Broadcasting Announces Strategic Alliance With United Pan-Europe Communications UPC to Acquire Major Shareholding in SBS; SBS to Redeem $155 Million of 7-1/4% Convertible Subordinated Debentures LUXEMBOURG, June 8 /PRNewswire/ -- SBS Broadcasting SA (Nasdaq: SBTV - news) announced today a major strategic alliance with Amsterdam-based United Pan-Europe Communications (UPC) (Nasdaq: UPCOY - news). SBS and UPC have agreed to exploit business opportunities in the numerous countries where their activities overlap. As part of the alliance, UPC intends to acquire at least three million Common Shares of SBS, and will be extended a seat on SBS's Board of Directors. In addition, SBS intends to call for redemption $155,250,000 principal amount of its 7-1/4% Convertible Subordinated Debentures (the ''Debentures'') due 2005.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next