You will be redirected back to your article in seconds

Falcon stock sale aims for $ 100 million take

Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process.

In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will use the proceeds for, among other things, investments and acquisitions in the cable industry.

“Falcon plans to continue its acquisition strategy by pursuing opportunities to purchase cable television systems in its existing geographic service areas as well as by entering new geographic markets,” the company said in its filing.

Securities regulations prevent Falcon exex from commenting on the offering publicly until the stock is sold.

Falcon also intends to use the proceeds for general corporate purposes, including capital expenditures, which it expects to hit $ 40 million next year.

In the offering, 8.3 million shares of a class A common stock will be sold, 6 .6 million from the company and the remaining 1.7 million from Falcon shareholders. The company also has set aside another 1.2 million shares to cover over-allotments. The company expects to sell the shares for $ 14-$ 16 apiece.

After the offering, Marc B. Nathanson, Falcon chairman, prexy and CEO, will hold all 6.8 million shares of class B common stock that will give him 76.5% of the company’s voting power. ]

More Biz

  • George Ezra plays to a huge

    Ticketmaster Accused of Colluding With Scalpers

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

  • Ashley Judd Harvey Weinstein

    Judge Allows Ashley Judd to Pursue Weinstein Blacklisting Suit

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

  • DAVE BARRETT OBIT

    CBS News Radio Reporter Dave Barrett Dies at 63

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

  • Donald Trump

    Trump Powers Boom Time for Book Publishers

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

  • tencent logo

    Tencent Music IPO to Be Halved (Report)

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

  • US Capitol

    Senate Passes Music Modernization Act

    Falcon Holding Group L.P., one of the nation’s largest cable systems, plans to sell stock to the public, taking advantage of the bull market for cable stocks and hoping to raise roughly $ 100 million in the process. In a regulatory filing, Falcon, which changed its name to Falcon Cable TV Inc., suggested it will […]

More From Our Brands

Access exclusive content