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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:37 EDTCHTR, LMCA, TWCLiberty Media to spin-off Liberty Broadband into new publicly-traded company
Liberty Media’s (LMCA) board has authorized management to pursue a plan to spin-off to its stockholders common stock of a newly formed company to be called Liberty Broadband and to distribute subscription rights to acquire shares of Liberty Broadband’s common stock. Liberty Broadband would be comprised of, among other things, Liberty Media's interest in Charter Communications (CHTR), subsidiary TruePosition, minority equity investment in Time Warner Cable (TWC) and certain deferred tax and deferred revenue liabilities, as well as liabilities related to the Time Warner call option. In the spin-off, record holders of Series A, Series B and Series C common stock would receive one-fourth of a share of the corresponding series of Liberty Broadband common stock for each share of common stock held by them as of the record date for the spin-off, with cash in lieu of fractional shares. In addition, stockholders will also receive a subscription right to acquire one share of Series C Liberty Broadband common stock for every five shares of Liberty Broadband common stock they receive in the spin-off. The subscription rights are being issued to raise capital for general corporate purposes of Liberty Broadband and will enable the holders to acquire shares of Series C Liberty Broadband common stock at a 20% discount to the 20-trading day volume weighted average trading price of the Series C Liberty Broadband common stock following the completion of the spin-off. The company expects the subscription rights to become publicly traded once the exercise price has been established and the rights offering to expire forty trading days following the completion of the spin-off. The spin-off and rights offering are intended to be tax-free to stockholders of Liberty Media and the completion of the spin-off and commencement of the rights offering will be subject to various conditions, including the receipt of an opinion of tax counsel. Subject to the satisfaction of these conditions, the completion of the spin-off and the commencement of the rights offering is expected to occur in the second half of 2014.
News For LMCA;CHTR;TWC From The Last 14 Days
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November 21, 2014
11:54 EDTTWCFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
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08:06 EDTTWC, CHTRComcast Time Warner Cable outlook positive, says Wells Fargo
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November 20, 2014
10:02 EDTLMCAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
09:30 EDTLMCALiberty Media downgraded to Hold from Buy at Telsey Advisory
07:16 EDTCHTR, LMCA, TWCCharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
15:34 EDTLMCALiberty Media CEO says focused on expanding cash reserves
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13:31 EDTCHTRCharter says doesn't need M&A, but natural push in industry toward consolidation
Charter CEO Tom Rutledge spoke on CNBC.
13:29 EDTCHTR, TWCCharter CEO sees Comcast, Time Warner Cable deal getting done
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09:04 EDTLMCALiberty Media to host investor meeting
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November 18, 2014
15:53 EDTCHTRCharter issues statement regarding STELAR
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14:59 EDTCHTRCharter management to meet with Jefferies
Group dinner to be held in New York on November 24 hosted by Jefferies.
November 14, 2014
17:27 EDTTWCPaulson & Co. gives quarterly update on stakes
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17:07 EDTCHTRSoros Fund Management gives quarterly update on stakes
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16:39 EDTCHTRBerkshire Hathaway gives quarterly update on stakes
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09:38 EDTCHTRJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).

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