CORRECTED-UPDATE 1-Charter Communications to buy Bright House in $10.4 bln deal

March 31, 2015 1:19 PM

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March 31 (Reuters) - Cable television operator Charter Communications Inc said it would buy privately held Bright House Networks in a cash-and-stock deal valued at $10.4 billion to expand in Florida.

Charter's shares rose as much as 10 percent in premarket trading on Tuesday after Reuters reported the deal earlier in the day.

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