Cox Communications Owners Offer Buy-Out

[SatelliteGuys Reporter]

4 U.S. cable television company private for 7.9 billion in order to invest without being pressured by short-term Wall Street expectations. Cox Enterprises which controls a number of newspapers television and radio stations offered to buy the 38 percent it does not already own for 32 per share which is 16 percent above the Cox Communications closing stock price on Friday of 27.58.

http://www.reuters.com/newsArticle.jhtml;jsessionid=0EHEMUHH3VJLUCRBAEKSFEY?type=businessNews&storyID=5847654