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The company commonly known as Suddenlink has made an agreement to sell itself to its managers and other investors.
BC Partners, along with the Canada pension plan's CPP Investment board, will be joining with Suddenlink managers to buy Cequel Communications Holdings L.L.C., according to a press release. The investors will invest more than $2 billion dollars into the company. The transactions are expected to close in the fourth quarter of this year. Suddenlink, which is reportedly the seventh largest cable system operator in the U.S., has more than 1.4 million customers, including those in northwest Missouri. The company also stresses the sell will not effect any current jobs, customers, services or operations.
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