Time Warner Cable to play the waiting game

Jefferies thinks a final deal price for an acquirer to nab Time Warner Cable (TWC) will be close to $150 per share.

Yesterday's opening salvo from Charter Communications (CHTR) in the low-$130s didn't stand a prayer of being accepted, but has negotiations moving forward.

What to watch: Time Warner Cable is the cable operator that got the hardest hit last year from playing hardball with programmers over carriage fees. Analysts think it might have lost enough leverage that it will have to settle for a deal price below its target level before summer.

TWC +1.2% to $134.02 premarket.

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