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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.
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