Charter stock gains on merger deal with rival Cox Communications

1 month ago 3
wooden blocks with "M and A" letters on financial documents, symbolizing mergers and acquisitions

Charter (NASDAQ:CHTR) to combine with Cox Communications in a cash-and-stock deal that values the rival cable provider at an enterprise value of $34.5 billion.

The deal consists of $21.9 billion of equity and $12.6 billion of net debt and other obligations, and Charter

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