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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 (7735)4/15/1999 8:18:00 PM
From: Doug Striebel  Read Replies (2) of 18998
 
Can anyone confirm the following news on UIHIA. Mr. Pink do you have any commments ? Thanks in advance.

BN Austar Appoints Bankers for A$500 Million IPO, Paper Says
Apr 15 1999 18:00

Sydney, April 16 (Bloomberg) -- Denver-based United
International Holdings Inc. will announce next week it will
sell 30 percent of Australian regional pay-television operator
Austar to investors in a A$500 million (US$320 million)
partial share sale, the Australian newspaper reported. UIH has
appointed Morgan Stanley and CS First Boston to market the IPO
of Australia's second-largest pay-television operator behind
Foxtel. The share offer will value Austar at about A$2 billion
and between A$400 million and A$600 million in new stock will
be sold.
In February UIH sold 38 percent of the No. 1 Dutch cable-
TV company United Pan-Europe Communications NV to investors,
raising 1.2934 billion euros.

(The Australian, 16/4, P.22, www.news.com.au)

--Duncan Craig in the Sydney newsroom (612) 9777-8601/mh

Story illustration: UIHIA US <Equity> GP to graph United
International Holdings' shares.
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