Charter Communications Trading Volume Drops 31.85% Ranking 154th Amid $34.5 Billion Cox Communications Merger

On May 20, 2025, Charter Communications (CHTR) saw a trading volume of $524 million, a 31.85% decrease from the previous day, ranking 154th in the day's stock market activity. The stock price increased by 1.16%.

Charter Communications and Cox Communications have agreed to a landmark merger valued at $34.5 billion, including debt. This merger will combine two of the top three cable companies in the United States, creating a significant player in the cable and broadband industries. The deal is one of the largest in over a year and is expected to reshape the U.S. cable and broadband landscape.

Under the terms of the agreement, Charter will pay $21.9 billion in equity and assume approximately $12.6 billion of Cox's debt and obligations. Cox will receive $4 billion in cash, $6 billion in convertible preferred units, and approximately 33.6 million common units, representing about 23% ownership in the combined entity. The merged company will operate under the Cox Communications name, while the consumer-facing brand will remain Spectrum. The headquarters will be located in Stamford, CT.

Charter operates across 41 states and reaches more than 57 million homes and businesses, while Cox covers 7 million homes in 18 states. The combined company’s network will span approximately 46 states, making it available to nearly 70 million homes and businesses, with 38 million customers. This expanded footprint will give Charter a stronger presence in the South and parts of Southern California.

Loop Capital Markets upgraded Charter Communications' stock rating from “Hold” to “Buy,” reflecting optimism about the merger's potential benefits. The transaction is subject to regulatory approvals and customary closing conditions, and is expected to generate approximately $500 million in annualized cost synergies within three years of closing. The deal comes months after Charter announced its intention to acquire Liberty Broadband in an all-stock transaction, which is expected to close concurrently with the merger with Cox.