Scientific-Atlanta announced tender offer to purchase outstanding...
Scientific-Atlanta announced tender offer to purchase outstanding shares of PowerTV it didn’t own already. Tender is being made to offer liquidity to PowerTV employees and other shareholders because of absence of public market for PowerTV shares under current conditions,…
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company said. Scientific- Atlanta, which owns 85% of PowerTV, said if all other shares owned were tendered, it would record $45 million of goodwill to be amortized over 5 years.