- Shares spiked briefly for Charter Communications (NASDAQ:CHTR) this hour -- and Time Warner Cable has leapt up to +5.9% -- on word that Charter's advisers have already started pursuing friendly talks with TWC for a speedy acquisition.
- Executives haven't spoken yet and so there's no price or structure to debate -- though one source reports TWC is already balking at the debt level of the combined entity.
- Charter's hostile bid for Time Warner failed before, but to make a friendly deal, it may have to come with more than Comcast's ~$158.82/share offer to make it work.
- Previously: Comcast, TWC move higher premarket on merger's end (Apr. 24 2015)
- Previously: It's over: Comcast officially ends $45B pursuit of TWC (Apr. 24 2015)
Time Warner Cable up to +5.9% as Charter reportedly in touch
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About CHTR Stock
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Symbol | Last Price | % Chg |
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CHTR | - | - |
Charter Communications, Inc. |