ATLANTA--(BUSINESS WIRE)--Aug. 2, 2004--Cox Communications, Inc. has received Cox Enterprises' proposal to acquire the outstanding, publicly-held minority interest in Cox Communications.
Cox Communications' Board of Directors will appoint a special committee of independent directors to review Cox Enterprises' proposal.
We expect this process to have no impact on day-to-day business operations. We do not intend to comment further at this time.
If a tender offer for Cox Communications shares is commenced, you are urged to read Cox Communications solicitation/recommendation statement, as filed with the Securities and Exchange Commission (SEC), when it becomes available. You may obtain a free copy of the solicitation/recommendation statement (when and if available) and other documents filed by Cox Communications and Cox Enterprises at the SEC's web site at www.sec.gov.
CONTACT: Cox Communications, Atlanta Media Contacts: Ellen East, 404-843-5281 ellen.east@cox.com or Bobby Amirshahi, 404-843-7872 bobby.amirshahi@cox.com SOURCE: Cox Communications, Inc.
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