As expected, Charter Communications Inc. announced in a Securities and Exchange Commission filing Wednesday that Allen & Co. executive vice president Nancy Peretsman has resigned from its board of directors, effective Sept. 14, after her firm was approved as an adviser in the sale of Adelphia Communications Corp.
Peretsman had been on Charter’s board since 1999. UBS Investment Bank was the other adviser approved by the court in the Adelphia auction.
According to the SEC filing, Peretsman’s resignation was part of the conditions that the selected banks proposed to the court to remove any potential conflicts of interest.
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