Cox Enterprises Discloses 27.9% Stake in Charter After $14.3B Cox Acquisition Closes
CHTR sits 39% above its 52-week low of $111.55.
Summary
Cox Enterprises disclosed a 27.9% stake in Charter after the Cox acquisition closed, quantifying the $14.3 billion deal consideration and revealing three board seats plus a Chairman role for Alexander C. Taylor.
Key Events · Ownership and Investor Activity · CHTR
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Cox Enterprises Holds 27.9% Stake
Cox Enterprises and its subsidiary CCEH beneficially own 46,153,885 shares of Charter Class A common stock, representing 27.9% of the 119,151,159 shares outstanding as of July 31, 2026.
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Deal Consideration Quantified
The Cox acquisition involved $3.5 billion cash for the commercial fiber and managed IT businesses, plus approximately $724 million cash, $6.0 billion liquidation preference preferred units with a 6.875% coupon, and 33,586,045 Class C common units priced at $353.64 per share for the residential cable contribution.
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Preferred Units Convert at $477.41
The preferred units convert into Class C common units at an initial price of approximately $477.41 per unit — roughly 3x the current $155.14 share price — making conversion economically unattractive near-term but creating a large potential overhang if the stock appreciates.
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Cox Gains Three Board Seats
Cox Enterprises is entitled to designate up to three nominees to Charter's 13-member board, and Alexander C. Taylor will serve as Chairman for a three-year term, with preemptive and top-up rights to maintain its proportionate equity interest.
Analysis · CHTR · Technology
Following the August 19 closing of the Cox Communications acquisition, Cox Enterprises now beneficially owns 46.15 million shares of Charter, or 27.9% of the Class A common stock. The 13D quantifies the deal consideration for the first time: $3.5 billion in cash for the commercial fiber and managed IT businesses, plus approximately $724 million in cash, $6.0 billion liquidation preference preferred units with a 6.875% coupon, and 33.6 million Class C common units priced at $353.64 per share for the residential cable contribution. Cox also gains three board seats, with Alexander C. Taylor becoming Chairman for a three-year term, and holds preemptive and top-up rights to maintain its proportionate interest. The preferred units convert at approximately $477.41 per unit — well above the current $155.14 share price — meaning conversion is not economically attractive near-term, but the exchangeable Class C units create a large potential overhang if Cox elects to monetize. The Repurchase Letter Agreement lets Cox sell shares back to Charter pro rata with any buybacks, providing a structured exit path that could offset dilution from the deal.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHTR was trading at $155.14 on NASDAQ in the Technology sector, with a market capitalization of approximately $20B. The 52-week trading range was $111.55 to $285.82. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.