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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (470)	11/11/1999 3:34:00 PM
From: The O	Read Replies (1) \| Respond to of 2437

what does this mean??? O 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. The gross proceeds from the initial public offering, including the exercise of the underwriters' over-allotment options, total more than $3.7 billion for the company, which will use the funds to finance acquisitions. Underwriters for the offering include Bear, Stearns & Co. Inc., Morgan Stanley Dean Witter, Donaldson Lufkin & Jenrette, Merrill Lynch & Co., Salomon Smith Barney, A.G. Edwards & Sons, Inc., and M.R. Beal & Company. Charter commenced trading Class A common stock on the Nasdaq National Market under the ticker symbol "CHTR." Charter Communications, Inc. is the fourth-largest operator of cable television systems in the United States, serving approximately 6.2 million customers, after giving effect to pending acquisitions. Charter currently serves approximately 3.7 million customers. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. CONTACT: Charter Communications, Inc. Investors: Ralph Kelly, 314/543-2388 rkelly@chartercom.com or Media: Anita Lamont, 314/543-2215 alamont@chartercom.com or Andy Morgan, 314/543-2217 amorgan@chartercom.com