Cox Purchases Remaining Stake in TCA Cable Partners

Aug 20, 2004  •  Post A Comment

Cox Communications on Friday agreed to buy the 25 percent stake in TCA Cable Partners that it didn’t already own for $153 million cash.

The transaction hands Cox full control of TCA Cable’s 260,000 customers, most of whom are in Arkansas and the Southwest. Prior to the sale, Cox owned 75 percent of TCA Cable Partners. Friday’s deal is expected to close sometime in the third quarter.

Cox purchased the stake, which was held by DR Partners, after DR Partners exercised its right to require Cox to do so.#