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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 07/22/1999
Entire Document
 
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                   NOTES TO UNAUDITED PRO FORMA BALANCE SHEET
                                 March 31, 1999
                             (dollars in thousands)
   
(a) To reflect the acquisition of Taconic Technology:     
 

<TABLE>
      <S>                                                                <C>
      Cash paid......................................................... $8,525
                                                                         ======
        To record purchase price adjustments:
        Historical net book value, excluding debt....................... $1,751
        Eliminate net (assets)/liabilities not acquired.................    359
                                                                         ------
          Historical cost basis of net assets acquired..................  2,110
          Identified value of property and equipment in excess of
           historical cost..............................................  1,612
          Goodwill and other intangibles................................  4,803
                                                                         ------
            Fair value of Taconic....................................... $8,525
                                                                         ======
</TABLE>

 
(b) To reflect the acquisitions of Traverse Internet, Hometown TV and Galaxy
    American Communications as if these acquisitions occurred on March 31,
    1999:
 

<TABLE>
      <S>                                                                <C>
      Additional Acquisitions purchase price (1)........................ $3,675
                                                                         ------
      To record purchase price adjustments:
      Identified value of property, plant and equipment in excess of
       historical cost..................................................    150
      Goodwill and other intangibles....................................  3,525
                                                                         ------
      Fair value of the Additional Acquisitions......................... $3,675
                                                                         ======
</TABLE>

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     (1) We acquired assets and liabilities of Traverse Internet as of
         April 30, 1999 and Galaxy American Communications. We have signed
         a definitive agreement to acquire assets of Hometown TV. These
         acquisitions do not represent significant acquisitions by the
         issuers and therefore do not require separate financial statement
         information.
(c) To reflect deferred finance costs of $1,000 incurred in conjunction with
    the exchange offering.
(d) To reflect the exchange of old notes for new notes.
 
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