Printer Friendly

SCANDINAVIAN BROADCASTING SYSTEM ANNOUNCES FILING OF REGISTRATION STATEMENT COVERING PROPOSED EQUITY OFFERING

 LUXEMBOURG, Dec. 30 /PRNewswire/ -- Scandinavian Broadcasting System SA (NASDAQ: SBTVF) announced today that it had filed a Registration Statement with the Securities and Exchange Commission relating to the proposed offering of 2,875,000 of its Common Shares to be sold in concurrent offerings in the United States and Canada and outside the United States and Canada. The Underwriters have reserved 500,000 Common Shares for sale to Capital Cities/ABC, Inc., the Company's largest shareholder, at the initial public offering price.
 Scandinavian Broadcasting System SA owns and operates television stations in Norway, Sweden and Denmark. The Common Shares are included in NASDAQ's National Market System and trades under the symbol "SBTVF."
 Prudential Securities Incorporated and Donaldson, Lufkin & Jenrette Securities Corporation are the Managing Underwriters. A written prospectus will be made available through any office of Prudential Securities Incorporated or Donaldson, Lufkin & Jenrette Securities Corporation.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 12/30/93
 /CONTACT: Diana Brainerd, 212-371-5999, or Cameron Thompson, 212-371-5999, both of Abernathy/MacGregor/Scanlon/
 (SBTVF)


CO: Scandinavian Broadcasting System SA ST: IN: ENT SU: OFR

LG-SP -- NY006 -- 8069 12/30/93 13:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 30, 1993
Words:278
Previous Article:DANKA ACQUIRES $28 MILLION DEALER IN CHICAGO
Next Article:QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION COMPLETES CONVERSION TO STOCK SAVINGS AND LOAN ASSOCIATION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters