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Charter’s bankruptcy cedes Allen’s control, JPMorgan says

Charter Communications's bankruptcy will shift control from Chairman Paul Allen, prompting a default under an $8.5 billion loan and making the company's reorganization untenable, JPMorgan Chase & Co. said. Charter, the fourth-largest U.S. cable company, filed for bankruptcy last week to give a windfall to equity holders and hurt its lenders, JPMorgan lawyer Peter Pantaleo told ...

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