Cable Operators

UGC: Thanks a Billion

2/13/2004 9:10 AM Eastern

UnitedGlobalCom Inc. said Friday that its rights offering, which expired at 5 p.m. Thursday, will net it approximately $1 billion.

The offering was fully subscribed, the MSO added, and it will issue 83 million shares of class-A common stock due to oversubscription.

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