Agenda Packets - 1986/05/19 - Laserfiche WebLink

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OPPENHCIMER WOLFT FOSpTER SHVARD DONNELLY North Suburban Cable Commission April 28, 1986 Page Four Directors) and of your cable System throLgh North Central will be affected. The Purchase Agreement between Westinghouse and the Buyers requires that the Buyers assume all Group W systems .as is'. The Buyers are not permitted to request or meke any franchise modifications, nor have you been requested by the Buyers to make any such franchise modifications. The Commission should consider the following factors in determining whether to recommend approval or denial of the Transfer Transaction: 1) Legal and character qualifications of Group W and the Buyers; 2) Technical ability of Group W as a result of the change in control land if necessary the technical ability of the Buyers and any third party engaged by Group W to manage your system); and 3) Financial stability of Group W as a result of the ' change of control. III. Analysis A. Legal qualifications The legal qualifications standard relates primarily to an analysis of whether the Buyers involved in the transaction are duly organized and authorized to own the cable system and franchises. Each of the Buyers involved in this transaction is duly organized and authorized to own a cable system and franchise. Two of the Buyers are the two largest cable companies in the United States. The character qualifications of the Buyers are satisfactory. Therefore, based upon our review of the information provided, it would appear that the Commission and Cities could not reasonably withhold approval of the Transfer Transaction based upon the legal or character qualifications of the Buyers. B. Technical ability The technical ability factor relates to the technical expertise and experience in operating and maintaining a cable