(Reuters) - The Time Warner Cable shares were held in reserve, or a
True Up Holdback account, since the reorganization became
effective in February. The shares of Class A common stock were
valued at about $37.80 for purposes of the plan.
Media conglomerate Time Warner Inc. spun off 16
percent of its cable division in March at a value of around
$5.5 billion. The move enabled Time Warner Cable, the No. 2
U.S. cable operator, to use the stake to buy some of Adelphia's
cable system assets last year.
Read more at Reuters.com Bonds News
True Up Holdback account, since the reorganization became
effective in February. The shares of Class A common stock were
valued at about $37.80 for purposes of the plan.
Media conglomerate Time Warner Inc. spun off 16
percent of its cable division in March at a value of around
$5.5 billion. The move enabled Time Warner Cable, the No. 2
U.S. cable operator, to use the stake to buy some of Adelphia's
cable system assets last year.
Read more at Reuters.com Bonds News
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