Charter Communications Inc. chairman Paul Allen confirmed rumors Thursday he
was considering taking the MSO private in a filing with the Securities and
Allen had been rumored for weeks to be trying to engineer a buyout of the St.
Louis-based MSO -- whose stock has declined more than 70 percent since the
beginning of the year.
Most observers expected Allen to try to buy Charter's' publicly traded debt,
and then work out a swap for additional equity in Charter.
Allen currently owns about 56.4 percent of Charter's outstanding Class A
common stock, and about 92.5 percent of its voting shares.
Charter executives have deferred media questions about Allen's intentions to
the chairman himself, who has declined to comment.