1111 ET - Charter Communications deal for Cox Communications is positive for a number of reasons, BofA Securities' Jessica Ehrlich and Peter Henderson said in a research note. The cable giants will merge in a $21.9 billion deal announced Friday. The analysts view the deal positively for reasons including it being value accretive prior to synergies, there's about $500 million in synergies that they view as conservative, an expanded footprint and it enables Charter to utilize its pricing and packaging strategy. "We believe the deal will accelerate revenue growth, elevate margins, be accretive to free cash flow and reduce net leverage," Ehrlich and Henderson say. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 19, 2025 11:11 ET (15:11 GMT)
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