Seeking Alpha

Charter set to forgo TWC counter-offer, mulls other deals

  • Charter Communications (CHTR) is unlikely to make a counter-bid for Time Warner Cable (TWC), the WSJ reports, due to the gap between Comcast's (CMCSA) $158.82-a-share offer and Charter's $132.50 proposal.
  • Instead, Charter is looking at other possible acquisitions, including the 3M managed subscribers that Comcast has pledged to sell in order to win antitrust approval for its deal.
  • Charter will also look at other cable-TV firms, with one possible target Cox Communications.
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