Laserfiche WebLink
OPPENHEIMER WOEII ' .. •.• .. "' <br />STLASHE ^ARD , �'w:,sa.n. a.,..•.•..•v <br />AND ti.�•••.w .. wr A LVN T A �� A.IyM TY'6 .f•Sw • q. <br />DONNEEEY �� �-% ... <br />Saint Paul <br />April 20, 1906 <br />North Suburban Cable Commission <br />2077 W. Larpenteur Avenue <br />Falcon Heights, MN 55113 <br />Re: Group W Cable, Incorporated Request for <br />Approval of Transfer of ownership and Contro) <br />Dear Members of the Commission: <br />Please find below a summary and analysis of a request <br />from Group W Cable, Incorporated, to the Member Cities of <br />the North Suburban Cable Commission to approve the sale and <br />transfer (the "Transfer Transaction') of al) of the issued <br />and outstanding shares of the capital stock of Group W Cable, <br />Incorporated ("Group W') from Westinghouse Broadcasting And <br />Cable, Incorporated to a group of five Buyers (the "Buyers'). <br />The purpose of this report is to provide the Commission <br />with an understanding of the Transfer Transaction and the <br />standard for reviewing whether to approve such Transaction. <br />I. Description of Transaction <br />The proposed Transfer Transaction involves the following <br />parties: <br />1. Westinghouse Broadcasting and Cable, Incorporated <br />("Westinghouse'); <br />2. American Television and Communications Corporation <br />and its affiliates and assignees ('ATC'): <br />3. Comcast corporation and its affiliates and assignees <br />('Comcast'); <br />4. Daniels i Associates, Inc. and its affiliates and <br />assignees ("Daniels'); <br />5. TCI Holdings, Inc. and its affiliates end assignees <br />('TCIH"); and <br />6. Century Southwest Cable Television, Inc. and its <br />affiliates and assignees ('Century'). <br />Parties two through six, above, or their designated <br />affiliates or assignees, as Buyers, will purchase all of <br />