Charter Communications (CHTR) Ramps on Questionable Takeover Chatter
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Charter Communications, Inc. (NASDAQ: CHTR) is surging higher Tuesday on vague speculation of possible takeover. Time Warner Cable Inc. (NYSE: TWC) and Cox have been mentioned as possible suitors.
Liberty Global's (NASDAQ: LBTYA) play for UK cable company Virgin Media (NASDAQ: VMED) today could be contributing to today's chatter, although at this point that is all it is.
After the close, the company named two seasoned Wall Street veterans to its management team. This also has traders talking. Charles Fisher will join Charter as Senior Vice President, Corporate Finance on February 11, 2013, and Stefan Anninger has been named Vice President, Investor Relations.
Mr. Fisher will be responsible for Charter's capital markets and merger & acquisition activities. Mr. Anninger will be responsible for developing and managing Charter's relationships with the investment community and shareholders.
Mr. Fisher was previously a Senior Managing Director with Guggenheim Securities, LLC. Prior to joining Guggenheim Securities, Mr. Fisher was at Nomura Securities where he headed the media investment banking practice for the Americas.
Stefan Anninger joins Charter as Vice President, Investor Relations. He comes to Charter from Credit Suisse, where he served as Vice President and the senior equity analyst covering US Telecommunications and Cable & Satellite TV, where he covered Charter.
After the close, Lone Pine Capital disclosed a 7.1% stake in the cable operator.
Shares of Charter Communications are up 8.5 percent mid-day to $83.21.
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Liberty Global's (NASDAQ: LBTYA) play for UK cable company Virgin Media (NASDAQ: VMED) today could be contributing to today's chatter, although at this point that is all it is.
After the close, the company named two seasoned Wall Street veterans to its management team. This also has traders talking. Charles Fisher will join Charter as Senior Vice President, Corporate Finance on February 11, 2013, and Stefan Anninger has been named Vice President, Investor Relations.
Mr. Fisher will be responsible for Charter's capital markets and merger & acquisition activities. Mr. Anninger will be responsible for developing and managing Charter's relationships with the investment community and shareholders.
Mr. Fisher was previously a Senior Managing Director with Guggenheim Securities, LLC. Prior to joining Guggenheim Securities, Mr. Fisher was at Nomura Securities where he headed the media investment banking practice for the Americas.
Stefan Anninger joins Charter as Vice President, Investor Relations. He comes to Charter from Credit Suisse, where he served as Vice President and the senior equity analyst covering US Telecommunications and Cable & Satellite TV, where he covered Charter.
After the close, Lone Pine Capital disclosed a 7.1% stake in the cable operator.
Shares of Charter Communications are up 8.5 percent mid-day to $83.21.
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