Charter Communications, Inc. has announced a significant transaction involving Cox Enterprises, Inc. Under the agreement, Cox Enterprises will sell and transfer its commercial fiber and managed IT and cloud services businesses to Charter. Additionally, Cox Enterprises will contribute the equity interests of Cox Communications, after a pre-closing restructuring, and certain other assets related to its residential cable business to Charter Holdings, a subsidiary of Charter Communications. In exchange, Cox Enterprises will pay $1.00 to Charter. The transaction was detailed in a definitive proxy statement filed with the U.S. Securities and Exchange Commission on July 2, 2025. Following the announcement, several stockholders of Charter filed lawsuits against the company and its board of directors, alleging omissions in the proxy statement.
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