Charter Communications (CHTR) Nears $55B Takeover of Time Warner Cable (TWC)
Get Alerts CHTR Hot Sheet
Price: $296.18 +1.90%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.1%
Revenue Growth %: +0.7%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.1%
Revenue Growth %: +0.7%
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Charter Communications (NASDAQ: CHTR) is nearing a $55 billion acquisition of Time Warner Cable (NYSE: TWC), the Wall Street Journal reported mid-day Monday with U.S. markets closed for Memorial Day.
According to the report, Charter will pay $195 per share in cash in stock. The cash portion of the deal is expected to equal $100 per share with the rest in stock.
In April, Comcast (NASDAQ: CMCSA) terminated its stock-for-stock deal to acquire Time Warner Cable given insurmountable anti-trust hurdles.
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