SEC Declares Charter Communications, Inc. Registration of Class
ST. LOUIS--(BUSINESS WIRE)--Nov. 16, 2005--Charter Communications, Inc. ("Charter") (Nasdaq: CHTR) today announced that the Securities and Exchange Commission has declared effective Charter's registration statement on Form S-1 covering the sale of up to 122.8 million shares of its Class A common stock, which it intends to loan to Citigroup Global Markets Limited ("Citigroup") pursuant to a share lending agreement for sale in a public offering by Citigroup or its affiliates. The shares of the Class A common stock are being offered on a "best efforts" basis. This offering of Charter's Class A common stock is being conducted to facilitate transactions by which investors in Charter's 5.875% convertible senior notes due 2009 issued on November 22, 2004 will hedge their investments in the convertible senior notes. In July 2005, Charter issued 27.2 million shares pursuant to the share lending agreement.More here.