Jones Intercable Inc. on Tuesday announced plans to make a public offering of approximately 7.8 million shares of the company’s Class A common stock.
The company also has granted the underwriters of the offering an over-allotment option to purchase approximately 1.2 million additional shares of Class A common stock.
Bell Canada Intl. Inc., which currently owns a 32% economic interest in the company, has committed to purchase 30% of the shares of Class A common stock.
Jones Intercable is the eighth-largest cable television system operating in the U.S., with approximately 1.4 million basic subscribers.