Seeking Alpha

Charter, Time Warner move higher AH; TWC reportedly wants $160/share

Charter (CHTR) is up 2.1% AH, and Time Warner Cable (TWC) is up 1.8% (to $134.75), following news the former has offered $132.50/share to acquire the latter.

David Faber reports Time Warner told Charter in December it would sell for $160/share - $100/share + $60/share in stock, with the stock component having an asymmetrical collar (the bid value doesn't change if Charter's shares fall, but it does if they rise).

Investors seem to be betting a higher bid will be made, but not one close to Time Warner's reported asking price.

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Comments (1)
  • good guy3
    , contributor
    Comments (1414) | Send Message
    I think $SIRI bid is about 25% too low as well.
    13 Jan 2014, 06:40 PM Reply Like
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