Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (10238)	6/27/1999 7:57:00 PM
From: RockyBalboa	Read Replies (1) of 18998

Sunday June 27, 4:16 pm Eastern Time United GlobalCom reduced shr repurchase DENVER, June 27 (Reuters) - UnitedGlobalCom, formally known as United International Holdings (Nasdaq:UIHIA - news), on Sunday said it would not purchase 2.15 million class B shares from Apollo Cable Partners as well as 250,000 shares from a director, as part of its previously announced offering of cumulative convertible preferred stock. As a result the company reduced the expected gross proceeds from the offering to $350 million and will use the proceeds exclusively for its development and general corporate purposes. On June 14, the company changed its name to UnitedGlobalCom, which provides video, voice data and programming services outside the United States. ---------------- Any thoughts?

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