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Technology Stocks : Charter Communications (CHTR)
CHTR 224.07+5.4%Feb 4 3:59 PM EST
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To: SecularBull who wrote (472)11/11/1999 5:41:00 PM
From: Mary Baker  Read Replies (5) of 2437
 
Charter Communications, Inc.Sells Additional 25,500,000 Shares in Offering
November 11, 1999 02:21 PM
ST. LOUIS--(BUSINESS WIRE)--Nov. 11, 1999--Charter Communications, Inc.CHTR announced today that Goldman, Sachs & Co., lead manager for the company's initial public offering, has exercised on behalf of the underwriters, their option to purchase an additional 25,500,000 shares to cover over-allotments.

I read this as Charter SOLD more shares to the UNDERWRITERS who BOUGHT more shares. Am I misinterpreting this????
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