Englewood, Colorado (AP) - a free press, said it would buy about 27% of the company Charter communications company, about $262 million.
Controlled by the billionaire John Malone, englewood, Colorado's holding company, said it reached an agreement, a group of investment funds, in Stamford, ct cable supplier to buy 2.69 billion shares, about 11000 warrants.
Free $95.50, representing the company on Monday closing price discount of about 3% to a share. In the first half of the deal is expected in the second quarter of 2013.
As part of the deal, Malone, free, President and chief executive officer Gregory Maffei company and two additional free nominee will be named "charter of the United Nations" of the board of directors. Four of the current members of the board of directors will resign.



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