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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.
Comments (1)
  • buffett222
    , contributor
    Comments (933) | Send Message
    I think $SIRI bid is about 25% too low as well.
    13 Jan, 06:40 PM Reply Like
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