Cox Names Committee to Study Parent’s Proposal8/18/2004 5:22 AM Eastern
Cox Communications Inc. has named the special committee of independent directors charged with evaluating the proposal by Cox Enterprises Inc. to buy the remaining shares of the Atlanta MSO it doesn’t already own and take it private.
The special committee will consist of Janet Clarke, president of Clarke Littlefield LLC and a Cox Communications director since 1995; Rodney Schrock, former president and CEO of Panasas Inc. and AltaVista and a Cox Communications director since 2000; and former Atlanta Mayor and former U.S. Ambassador to the United Nations Andrew Young, a Cox Communications director since 1995.
Cox also said the special committee has named The Goldman Sachs Group Inc. as its financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP as its legal advisor to assist in its evaluation of the proposal by Cox Enterprises.
No specific time frame was set for the committee to review the Cox Enterprises proposal.