Entering text into the input field will update the search result below

Charter Attempting Merger With Time Warner

Jan. 14, 2014 11:41 AM ETCHTR
adspatz profile picture
adspatz's Blog
10 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2013

Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

Originally published at www.seclive.com

Charter Communications, Inc. (CHTR), frustrated with the lack of response from Time Warner Cable Inc. (TWC) regarding a possible merger, has now gone public with the proposition in an effort to garner support from Time Warner shareholders. Charter is proposing a merger valued at $61B, valuing Time Warner stock at $132.50 per share, a small premium over yesterday's price. Time Warner's stock has already risen 2.5% in response to the public announcement, but Time Warner believes Charter is severely undervaluing the company. Time Warner CEO Rob Marcus commented that the proposal is not close to being considered, and countered to Charter a share price of $160.00 per share. Charter's appeal to Time Warner has been received poorly by Time Warner executives, but analysts' speculations regarding shareholder opinion remain mixed.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.