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Liberty Media to Buy 27.3% Stake in Charter Communication (LMCA, CHTR)

Liberty Media Corp. (NASDAQ: LMCA) announced on Tuesday that it has agreed to acquire 27.3% stake in the cable TV provider, Charter Communications Inc. (NASDAQ: CHTR) in a deal estimated at $2.62 billion or $95.50 a share, which represents a discount of 3% on Charter’s closing stock price as of Monday March 18th.

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March 19th, 2013 | Tags: , | Category: Large Cap Growth Stocks | Leave a comment

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