Comments on the rights offering?
I'd like to hear what folks have to say about the rights
offering which expires Tuesday AM (so the last chance to
exercise is Monday 29 October 2001).
Unless the rights include some restriction on selling, it
would seem to be a no-brainer to flip them for a short-term
gain. So I guess my question pertains to whether its
sensible to hold longer-term. Is CEL currently a "buy" at
$2.30/ADR for the longer-term investor?
Also, has anyone seen the rights offering? Are there
any hidden restrictions or is it just a straight offer
to sell ADR's at $2.30 each?
Thanks,
Rob
=========================================================
Wednesday October 24, 4:54 pm Eastern Time
+ Mexico stocks end up 2.4 percent on wireless gains
biz.yahoo.com
"Gains by America Movil also lifted shares of Iusacell ,
Mexico's No. 2 wireless service provider, which rose 7.69
percent to 2.52 pesos. Iusacell ADRs (NYSE:CEL - news)
surged 10.5 percent to close at $2.85. Iusacell is
expected to report third-quarter results on Friday."
Tuesday, October 16, 2001 08:13 PM ET
+ Mexico Telcoms To Keep Investing Despite Econ Slowdown
quicken.excite.com
"Peter Burrowes, president of the country's second-largest
mobile operator Grupo Iusacell SA (CEL, news, msgs), said
the situation "is very ugly, but we need to keep
investing." "
Friday, October 5, 2001 05:46 PM ET
+ Mexico's Iusacell Launches $100M Rights Offering
quicken.excite.com
Friday, September 28, 2001 10:05 AM ET
+ Mexican Mobile Operator Iusacell Appoints New CFO
quicken.excite.com
+ Mexico's Iusacell Holders Approve $100M Rights Offering
quicken.excite.com
Friday September 28, 9:16 am Eastern Time
+ Shareholder rights approved...
biz.yahoo.com
Thursday September 27, 9:34 pm Eastern Time
+ Iusacell to raise $100 mln in stock offering
biz.yahoo.com
Friday, September 14, 2001 09:47 AM ET
+ Mexico's Iusacell Confirms Portatel Buy For $82 Mln
quicken.excite.com
Tuesday September 4, 9:19 am Eastern Time
+ CEL to Acquire Grupo Portatel...
biz.yahoo.com
Wednesday August 29, 8:05 pm Eastern Time
+ Rights offering approved...
biz.yahoo.com
Company web site (in Spanish)
iusacell.com.mx |
