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Stock Market & Financial Investment News

News Breaks
April 3, 2014
06:38 EDTCETVCentral European Media commences $341M rights offering
Central European Media Enterprises announced the commencement of the subscription period for its previously-announced fully-backstopped $341M rights offering. The Subscription Period commences today, April 3, 2014 and will end at 5:00 p.m., New York City time, on April 25, 2014. CME will distribute one right for every 62.0102 outstanding shares of its Class A Common Stock and every 62.0102 shares of Class A Common Stock issuable upon conversion of its outstanding share of Series A Convertible Preferred Stock and/or its outstanding shares of Series B Convertible Redeemable Preferred Stock. J.P. Morgan is acting as dealer manager in connection with holders' exercise of the Rights in exchange for the Units in the United States of America and certain other jurisdictions other than the Czech Republic.
News For CETV From The Last 14 Days
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November 18, 2015
17:44 EDTCETVTCS Capital reports 10.9% stake in Central European Media, urges sale of company
In a regulatory filing reporting its position in the company, TCS Capital stated it delivered a letter on November 18 to Central European Media's (CETV) chairman and board of directors urging the hiring of a financial adviser to explore a sale of the company. In the letter, TCS expressed concern about the "poor performance" of the company's stock price, which it believes is "directly tied to Time Warner's (TWX) dominant position as both the largest debt and equity holder" of Central European.

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