Cox clan makes bid to take company private for $7.9 bil

[SatelliteGuys Reporter]

03 2004 Cox clan makes bid to take company private for 7.9 bil By Reuters NEW YORK The family that controls Cox Communications Monday offered to take the company private for 7.9 billion in cash saying it would allow a focus on longer-term prospects. Cox Enterprises which controls a number of newspapers television and radio stations offered to buy the 38 of Cox Communications it does not already own for 32 per share which is 16 above the company's closing stock price on Friday of 27.58.

http://www.hollywoodreporter.com/thr/article_display.jsp?vnu_content_id=1000591010