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August 21, 1996


By CBR Staff Writer

Swiss Group Cablecom Holding AG and Alcatel Alsthom SA have determined a final price of $528 per share for Cablecom’s purchase of a 75% stake in SECE Cortaillod Holding AG from Alcatel. The price was revised from a provisional $511 per share, announced when the deal was agreed on June 24. The new price reflects SECE’s revised balance sheet as of June 30, where the provisional one was based on the balance sheet from December 31. The agreement includes an offer that will be extended to SECE’s mi nority shareholders. Cablecom is owned roughly one-third each by Siemens AG, Veba AG’s Vebacom GmbH and the Swiss PTT. SECE’s core business is cable television.

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