Needham & Company Upgrades Time Warner Cable (TWC) to Hold

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Go back to Needham & Company Upgrades Time Warner Cable (TWC) to Hold

Charter Communications to Merge with Time Warner Cable and Acquire Bright House Networks

May 26, 2015 6:00 AM EDT

STAMFORD, Conn., NEW YORK and SYRACUSE, N.Y., May 26, 2015 /PRNewswire/ -- Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries "Charter") and Time Warner Cable Inc. (NYSE: TWC) today announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7 billion. Charter will provide $100.00 in cash and shares of a new public parent company ("New Charter") equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding. The deal values each... More