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Sorry for my poor english translation.
Cox Enterprises is one of the world's biggest media company headquartered in Atlanta, Georgia.
The company developed from the Dayton Daily News newspaper, which founded the school teacher, a reporter and later governor of Ohio and presidential candidate James Middleton Cox, 1889 in Dayton, Ohio.
Cox Enterprises has 17 daily newspapers and 25 weekly newspapers and 15 regional television stations. The 83 000 employees, reported 2007 sales of about $ 15 billion. In addition, the automotive sector is part of Manheim, Cox Group.
Cox Enterprises is led by James C. Kennedy, grandson of James M. Cox. The company is family owned. Half is owned by Anne Cox Chambers, a daughter of James M. Cox. The other half belongs to James C. Kennedy, Kennedy and Blair Parry-Okeden, the children of your sister Barbara Cox Anthony died in 2006. The family is among the richest Americans
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Cox Enterprises Inc. announced Tuesday that it will acquire the remaining shares of its subsidiary Cox Communications Inc. for $ 8.3 billion to privatize the publicly traded cable company and decouple it from the short-term demands of Wall Street.
The non-listed parent company, Cox Enterprises, which also includes newspapers, television channels and radio stations will therefore acquire the remaining 38 percent stake in the fourth-largest U.S. cable operator for $ 34.75 per share. The acquisition price represents a premium of 8.6 percent on the original bid of $ 32 per share.
The shares of Cox Communications wins on the NYSE currently 2.81 percent to $ 34.39.
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The privately held media conglomerate Cox Enterprises Inc. announced Friday that he is still a large portion of the outstanding shares of the company is traded on the NYSE subsidiary, Cox Communications Inc.. The parent company plans to take over the subsidiary in the future completely.
A majority of shareholders had previously offered their shares for sale. The shares will be acquired for $ 34.75 per share, representing a slight premium over yesterday's closing price of $ 34.72. This results in a total transaction of $ 6.6 billion. Once the transaction is Cox Enterprises around 90 percent
The shares of Cox Communications are currently to 0.06 percent, to $ 37.74.
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