Charter: Cox suspends share repurchase participation
The agreement tied Cox’s monthly participation to Charter’s prior-month repurchases and required cash settlement, subject to specified exclusions.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Charter Communications, Inc. reported that Cox Enterprises delivered a suspension notice on September 28, 2026, suspending Cox Enterprises’ participation in share repurchases under the Repurchase Letter Agreement until Cox revokes the notice by written notice. The agreement allowed Cox to sell Class A shares or Class C units to Charter or Charter Holdings monthly, in a pro rata amount tied to Charter’s preceding-month repurchases or redemptions, with settlement in cash.
Cox Enterprises and its wholly owned subsidiary, Cox Communications Equity Holdings, Inc., each reported beneficial ownership of 46,153,885 Class A shares, or 28.7%, on an as-converted, as-exchanged basis. The percentage calculation includes Charter’s 114,437,206 Class A shares outstanding as of August 31, 2026, plus shares issuable upon exchange or conversion of the reporting persons’ units.
Key Figures
Key Terms
as-converted, as-exchanged basis financial
liquidation preference financial
pro rata participation financial
cashless exercise financial
Third Amended and Restated Stockholders Agreement financial
FAQ
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What changed in Cox Enterprises’ $CHTR repurchase arrangement?
How does Cox’s $CHTR repurchase participation work?
AI-generated analysis. How Rhea-AI works. Not financial advice.