BRIEF-Melco International Development Updates On Proposed Spin-Off & Separate Listing Of Studio City
Oct 10 (Reuters) - Melco International Development Ltd :
* UPDATES ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF STUDIO CITY ON NEW YORK STOCK EXCHANGE
* PROPOSES TO MAKE A DISTRIBUTION EQUAL TO ABOUT 1.5% OF GROSS PROCEEDS OF GLOBAL OFFERING
* AGGREGATE AMOUNT OF PROPOSED DISTRIBUTION TO BE IN RANGE OF ABOUT US$4.53 MILLION TO US$5.39 MILLION
* GLOBAL OFFERING IS EXPECTED TO GENERATE GROSS PROCEEDS OF BETWEEN US$301.88 MLN AND US$359.38 MLN
* REVISED STATEMENT CONTAINS, AMONG OTHER THINGS, PRELIM OFFER PRICE RANGE FOR ADSS OF BETWEEN $10.50 & $12.50 PER ADS
* MCE COTAI AND CERTAIN AFFILIATES HAVE INDICATED AN INTEREST IN PURCHASING UP TO AN AGGREGATE OF 25.5 MLN ADSS Source text for Eikon: Further company coverage: