Cox Communications formed a special committee and hired 3 adviser...
Cox Communications formed a special committee and hired 3 advisers to consider Cox Enterprises’ bid for the 38% of Cox that it doesn’t own, company executives said. The leveraged buyout offer is $32 per share, or $7.9 billion total.…
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The committee comprises independent directors on Cox’s board including Andrew Young, former Atlanta mayor and U.S. ambassador to the U.N. Cox Enterprises announced it was proposing to take the company private by buying out the publicly held minority interest (CD Aug 3 p4). FCC reporting requirements will change little for Cox.