Brief: Charter Communications & Cox Communications Announce Definitive Agreement To Combine Companies
16/05/2025 12:51
May 16 (Reuters) - Charter Communications Inc CHTR.O: CHARTER COMMUNICATIONS AND COX COMMUNICATIONS ANNOUNCE DEFINITIVE AGREEMENT TO COMBINE COMPANIES CHARTER COMMUNICATIONS INC: PROPOSED TRANSACTION VALUES COX COMMUNICATIONS AT AN ENTERPRISE VALUE OF APPROXIMATELY $34.5 BILLION CHARTER COMMUNICATIONS INC - COMBINED COMPANY TO BE NAMED COX COMMUNICATIONS POST-CLOSING CHARTER COMMUNICATIONS INC - COX ENTERPRISES TO OWN 23% OF COMBINED ENTITY CHARTER COMMUNICATIONS: EXPECTS ABOUT $500 MILLION OF ANNUALIZED COST SYNERGIES ACHIEVED WITHIN THREE YEARS OF DEAL CLOSE CHARTER COMMUNICATIONS INC: COMBINED ENTITY WILL ASSUME COX'S ABOUT $12 BILLION IN OUTSTANDING DEBT CHARTER: LIBERTY BROADBAND TO CEASE TO BE DIRECT SHAREHOLDER IN CHARTER, WILL NO LONGER DESIGNATE DIRECTORS FOR ELECTION TO BOARD Source text: ID:nPn38rYK6a Further company coverage: CHTR.O ((Reuters.Briefs@thomsonreuters.com;))
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