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Technology / AI and automation

US WEST EXPECTS 5-6% DILUTION AFTER WOMETCO & GEORGIA DEAL

US West Inc reckons that its $1,200m deal to purchase Atlanta-based Wometco and Georgia Cable Television systems will result in a 5% to 6% dilution in its earnings per share: the acquisition will give the company a 65% share of cable subscribers in the metropolitan area; the deal includes $490m in shares and $160m in debt; the remainder of the deal will be a mixture of shares and cash, US West said; the company expects that its shareholders will give the news of the acquisition a mixed reception.

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CBR Staff Writer

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