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STAMFORD, Conn. - Charter Communications, Inc. (NASDAQ:CHTR), a $42.4 billion market cap company currently trading near its 52-week low, announced Thursday that its stockholders have approved the proposals necessary to complete the company’s previously announced transaction with Cox Communications, Inc.
More than 99% of votes cast were in favor of each proposal required for the transaction to move forward, according to a company press release. The special meeting of stockholders was held Thursday morning.
Charter expects to complete the transaction with Cox Communications by mid-2026, pending regulatory approvals and other customary closing conditions.
The company did not provide specific details about the transaction terms or expected financial impact in its announcement.
Charter Communications operates as a broadband connectivity company and cable operator under its Spectrum brand, with services available to more than 57 million homes and businesses across 41 states. The company offers residential and business services including internet, TV, mobile and voice products.
The transaction, once completed, will alter Charter’s current ownership structure and increase the company’s debt levels. Charter noted in its statement that the deal could potentially impact its stock price and future operating results due to integration costs and increased interest expenses.
In other recent news, Charter Communications reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $9.18, which fell short of the forecasted $9.58. Revenue for the quarter met expectations at $13.77 billion, showing a slight year-over-year growth. The company experienced a decline in residential revenues by 0.4% and reported a 0.6% increase in overall revenue growth, with EBITDA declining by 0.1% excluding certain items. UBS has responded to these results by lowering its price target on Charter Communications to $355.00 from $425.00, maintaining a Neutral rating due to weaker-than-expected performance. On the other hand, Bernstein SocGen upgraded Charter Communications from Market Perform to Outperform despite the ongoing challenges in the broadband sector. The company lost 111,000 residential broadband subscribers in Q2 2025, although Bernstein SocGen noted these losses were in line with the previous year when adjusted for certain factors. These recent developments highlight Charter Communications’ mixed performance in the current market environment.
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