Charter Communications shareholders voted to approve the company’s merger with Cox Communications, clearing another obstacle in closing the deal that was announced in May.
In an announcement Thursday, Charter (parent company of Spectrum) said that “more than 99% of the votes cast voted in favor of each of the proposals required to complete the transaction.”
The merger will have Charter acquiring Cox Communications’ commercial fiber and managed IT and cloud businesses, and Cox Communications’ residential cable business going to Charter Holdings, an existing subsidiary partnership of Charter. Cox will also receive $4 billion in cash, along with stock shares.
The combined company will change its name to Cox Communications within a year of the deal closing. Spectrum will be the consumer-facing brand. The combined company will keep the Charter headquarters in Stamford, CT, with a “significant presence” in Atlanta, where Cox currently has its offices.
Chris Winfrey will continue in his current role as President & CEO. Alex Taylor, Chairman and CEO of Cox Enterprises, will join the board as Chairman. Eric Zinterhofer, Chairman of Charter’s Board of Directors, will become the lead independent director on Charter’s board.
In Charter’s announcement today, the company said that the transaction is expected to be completed in mid-2026, subject to regulatory approval and other closing conditions.