Deals
Charter Agrees to Combine With Cox in $34.5 Billion Deal
Charter Communications Inc. has agreed to combine with closely held Cox Communications in a cash-and-stock deal that would unite two of the biggest US cable providers.
The takeover values Cox at about $34.5 billion including debt, the companies said in a statement Friday, confirming an earlier Bloomberg News report. The deal includes about $12.6 billion of net debt and $21.9 billion in equity, the companies said.