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Charter's Proposed Cox Deal Could Challenge Comcast, Surpass AT&T In Broadband
Benzinga·2025-05-20 02:28

BofA Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Charter Communications, Inc. CHTR last Friday, with a price target of 450.EhrlichnotedthatCharterhadannouncedanagreementtomergewithprivatelyheldCoxCommunicationsforanequitypurchaseconsiderationof450.Ehrlich noted that Charter had announced an agreement to merge with privately held Cox Communications for an equity purchase consideration of 21.9 billion and the assumption of 12.6billioninCoxdebtandleaseobligations.The12.6 billion in Cox debt and lease obligations.The 21.9 billion equity consideration is comprised of 11.9billionincommonunits,11.9 billion in common units, 6 billion notional value in preferred units, and $4 ...