C.O.M.B. <CMCO> TO ACQUIRE REST OF CABLE VALUE C.O.M.B. Co said its board has approved a proposal to acquire the 50 pct of Cable Value Network held by its cable television industry partners in exchange for warrants for C.O.M.B. common. The company, which already owns the other 50 pct of CVN, said it plans to change its name to CVN. C.O.M.B. said the proposal calls for its cable partners to receive about eight mln five year warrants in exchange for their 50 pct interest in CVN and commit to a long-term affiliation agreement to carry CVN programming. C.O.M.B. said the proposed warrants would carry an exercise price of 18.125 dlrs a share. It said the 7,869,353 warrants originally offered to cable partners will continue to vest on the pre-agreed schedule. The company now has about 18.1 mln shares outstanding. C.O.M.B. said the transaction is subject to the parties entering into an agreement which would be subject to approval by its shareholders and regulatory agencies.