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Broadcast & Satellite

CME announces stock offering

Monday 6 May 2013 | 11:01 CET | News
Central European Media Enterprises announced the pricing of an underwritten public offering of 54.4 million shares of its Class A common stock for USD 2.75 per share. The offering is expected to close on 8 May, subject to customary closing conditions. JP Morgan is acting as the sole book-running manager for the offering. CME has granted the underwriters an option to purchase up to an additional 5.4 million shares if demand warrants. Time Warner Media, CME's largest shareholder, has exercised its preemptive right to purchase 49.9 percent of the shares. Subject to the closing of the offering

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Categories: Broadcast & Satellite
Companies: Central European Media Enterprises / Time Warner
Countries: Eastern Europe
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