Charter Communications (CHTR) reportedly is readying a bid of less than $140 per share for Time Warner Cable (TWC), which an analyst says is too low, while also saying the amount of cash in the deal would be key. “We do not believe a $140 per share offer will be enough to entice Time Warner Cable to sell to Charter — particularly given a cash/stock offer and the time-frame to close,” Stifel Nicolaus analyst Christopher King wrote in a research
Time Warner Cable (TWC) stock shot up to an all-time high on Friday amid reports that Charter Communications (CHTR) is closer to making a formal acquisition offer and that Comcast (CMCSA) is seeking guidance from regulators on whether it can offer to buy Time Warner Cable under antitrust and ownership rules. Charter, whose biggest shareholder is John Malone-controlled Liberty Media (LMCA), is nearing an agreement with banks to raise funds for a
Absent a merger between them, pressure will likely mount on Charter Communications and Time Warner Cable to improve financial results amid hefty stock gains in 2013, analysts say. Cable firm Charter’s (CHTR) stock has jumped 68% in 2013 on speculation it will make an acquisition, probably TWC. Charter stock hit an all-time high of 144 on Oct. 30, but has since slipped to 128. Time Warner Cable (TWC) stock is up 25% this year largely on