OTHER NEWS - Nov. 2, 1991
From Times Staff and Wire Reports
TCI-United Artists Merger Wins Approval: United Artists Entertainment Co. shareholders approved a $1-billion stock-swap merger with Tele-Communications Inc. The deal, under which TCI obtains the 46% of United Artists that it does not own, consolidates two of the nation’s biggest cable-TV operators. TCI becomes the No. 1 cable firm, with about 8.5 million subscribers, including UAE’s 2.7 million. Under the deal, each share of UAE common stock will be converted to 1.02 shares of TCI stock.
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