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Time Warner says Cable unit now a public co, to list as early as March 1


Published : Tue, 13 Feb 2007 17:19
By : Agencies
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LONDON (AFX) - Time Warner Inc said its Time Warner Cable unit has become a public company, and is due to trade on the New York Stock Exchange as early as March 1.

Time Warner said the change in status is a consequence of Adelphia Communications Corp's Chapter 11 plan, effective today, in which Adelphia will distribute shares that it owns in Time Warner Cable to shareholders.

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