United Pan-Europe Communications - UPC (UPCOY) Message Board

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Technology Stocks : United Pan-Europe Communications - UPC (UPCOY)

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To: Neil H who wrote (70)	6/2/1999 5:11:00 AM
From: Neil H	Read Replies (1) of 95

Wednesday June 2, 3:08 am Eastern Time UPC to buy Poland's @Entertainment AMSTERDAM, June 2 (Reuters) - Dutch-based cable television operator United Pan-European Communications NV (Nasdaq:UPCOY - news) (UPC) said on Wednesday it had signed a definitive agreement to buy Polish cable and programming provider @Entertainment (Nasdaq:ATEN - news) (ATEN). The all-cash offer valued ATEN at $19.00 per share, UPC said in a statement. ''The merger agreement, which has been unanimously approved by the board of directors of UPC and @Entertainment, provides that UPC through a wholly owned subsidiary, will launch a tender offer to acquire all of the outstanding shares of @Entertainment's common stock,'' UPC said. UPC floated in Amsterdam and on Nasdaq in February. As well as cable TV, it also has Internet and telephony interests. United International Holdings (Nasdaq:UIHIA - news) holds a majority stake of UPC.

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