Market Overview

Charter Announces 9.3M Share Secondary Offering by Selling Stockholders

Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, the "Company" or "Charter") today announced that selling stockholders, funds affiliated with Apollo have agreed to sell approximately 6.2 million shares and funds affiliated with Oaktree Opportunities Investments, L.P. have agreed to sell approximately 3.1 million shares of Charter common stock in an underwritten offering. Charter will not sell any shares in the offering and will not receive any proceeds from the offering. Goldman, Sachs & Co. will act as underwriter for the offering. The underwriter may offer Charter common stock in transactions on the NASDAQ, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market rates or at negotiated prices.

(Logo:  http://photos.prnewswire.com/prnh/20110526/AQ10195LOGO)

A shelf registration statement (including prospectus) relating to the shares is effective with the Securities and Exchange Commission ("SEC"). Before you invest, you should read the prospectus and other documents filed with the SEC for more complete information about Charter and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement,

See full press release

Posted-In: News Guidance Contracts Management Global

 

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