Charter Communications, Inc. Sells Additional 25,500,000 Shares in Offering.

ST. LOUIS--(BUSINESS WIRE)--Nov. 11, 1999--

Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , Inc.(Nasdaq: CHTR CHTR Charter
CHTR Canadian High Temperature Research ) 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

To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:

Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)

, Donaldson Lufkin & Jenrette, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & 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 Ticker Symbol

An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "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.

COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Geographic Code:	1USA
Date:	Nov 11, 1999
Words:	220
Previous Article:	Chairman of Stanley Leisure to Speak On Internet Gambling at Conference November 28-30 in London, England.
Next Article:	Data Fellows Announces IPO in Finland; Record Over-Subscription and First-Day Trading.
Topics:	Cable television Cable television broadcasting industry

Related Articles
Charter Communications, Inc. Files Registration for a Public Offering of Shares of Common Stock.
Charter Communications, Inc. Announces Registration of Outstanding Shares.
Charter to Issue Convertible Senior Notes.
Charter Prices $650 Million Convertible Senior Note Offering.
Charter Communications Holdings, LLC and Charter Communications Holdings Capital Corporation to Issue Senior and Senior Discount Notes.
Charter Communications Prices Class A Common Stock and Convertible Senior Notes Offerings.
Charter Communications Closes Class A Common Stock and Convertible Senior Notes Offerings; ``Greenshoe'' Options Also Exercised For Total Proceeds of...
CHARTER COMMUNICATIONS SHARES GAIN IN DEBUT.