Tag Archives: twc

Charter, TWC: The Price Is Right At $195 Per Share

Charter Communications’ (CHTR) $55 billion acquisition of Time Warner Cable, announced on Tuesday, will reward TWC shareholders with a nearly 50% premium over what Charter offered to pay for the company in January 2014, and more than 20% over what Comcast had agreed to pay in its doomed acquisition bid. Charter early Tuesday announced it had agreed to pay $195.70 per share for Time Warner Cable (TWC), with $100 in cash and the rest in stock. TWC

Charter Said Near $195-A-Share Time Warner Cable Buy

Charter Communications (CHTR) is close to a deal to buy larger Time Warner Cable (TWC) for $195 a share, according to multiple reports, after the Comcast (CMCSA)-TWC takeover failed due to regulatory opposition. Charter, the No. 3 U.S. cable operator, will pay $100 a share in cash and the rest in stock, for each share of No. 2 TWC, Bloomberg reported on Monday, citing sources. The Financial Times and Reuters later filed similar reports. Both

Cable Industry M&A Pits Debt Mavens Malone, Altice

French telecom Altice’s sudden push into the U.S. sets up a potential battle with Charter Communications for Time Warner Cable, as both Altice and Charter eye deals to gain scale so they can bulk up for further takeovers. Altice on Wednesday announced it would buy a 70% stake in Suddenlink Communications, the seventh-biggest U.S. cable TV firm, for about $7.9 billion. Charter (CHTR), rebuffed by Time Warner Cable (TWC) in early 2014, has been