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Stock Market & Financial Investment News

News Breaks
January 31, 2013
08:47 EDTTWCTime Warner Cable says Q4 video subscriber loss 'just not acceptable'
News For TWC From The Last 14 Days
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May 26, 2015
06:12 EDTTWCTime Warner Cable shares valued at $195.71 in Charter takeover
06:08 EDTTWCLiberty Broadband to own 19%-20% of New Charter
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06:05 EDTTWCCharter to merge with Time Warner Cable, acquire Bright House Networks
Charter Communications (CHTR) and Time Warner Cable (TWC) announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7B. Charter will provide $100.00 in cash and shares of a new public parent company equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding. The deal values each Time Warner Cable share at approximately $195.71 based on Charter's market closing price on May 20, or approximately $200 based on Charter's 60-trading day volume weighted average price. In addition, Charter will provide an election option for each Time Warner Cable stockholder, other than Liberty Broadband (LBRDA) or Liberty Interactive (QVCA), who will receive all stock, to receive $115.00 of cash and New Charter shares equivalent to 0.4562 shares of CHTR for each Time Warner Cable share they own. In addition, Charter and Advance/Newhouse Partnership announced that the two companies have amended the agreement which the two parties signed and announced on March 31, whereby Charter will acquire Bright House Networks for $10.4B. That agreement, as amended, provides for Charter and Advance/Newhouse to form a new partnership of which New Charter will own between approximately 86% and 87% and of which Advance/Newhouse will own between approximately 13%-14%, depending on the Time Warner Cable shareholders' cash election option described above. The consideration to be paid to Advance/Newhouse by Charter will include common and convertible preferred units in the Partnership, in addition to $2B in cash. The common and convertible preferred partnership units will each be exchangeable into shares of New Charter. The Charter-Advance/Newhouse transaction is expected to close contemporaneously with the Charter-Time Warner Cable transaction. Charter also announced today that Liberty Broadband has agreed to purchase, upon closing of the Time Warner Cable transaction, $4.3B of newly issued shares of New Charter at a price equivalent to $176.95 per Charter share, which represents Charter's closing price as of May 20. As previously-announced, Liberty Broadband will also purchase, upon closing of the Charter-Advance/Newhouse transaction, $700M of newly issued Charter shares at a price equivalent to $173.00 per Charter share.
06:01 EDTTWCCharter to merge with Time Warner Cable, acquire Bright House Networks
05:47 EDTTWCStocks with implied volatility movement; TWC YOKU
Stocks with implied volatility movement; Time Warner Cable (TWC) 31, Youku Tudou (YOKU) 70 according to iVolatility.
May 25, 2015
17:23 EDTTWCCharter in advanced talks for Time Warner Cable, Bright House, WSJ says
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May 22, 2015
16:41 EDTTWCStocks end week little changed despite weaker than expected domestic data
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10:26 EDTTWCAltice seeking financing for bid for Time Warner Cable, Reuters says
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05:50 EDTTWCCharter in talks to buy TWC for above $170/share, WSJ reports
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May 21, 2015
18:01 EDTTWCFCC's Wheeler reaches out to cable executives, WSJ says
According to people familiar with the matter, FCC Chairman Tom Wheeler has in recent days called on cable executives to convey the message that the agency is not against any and all future cable deals despite the scrutiny put upon the once proposed Comcast (CMCSA)-Time Warner Cable (TWC) merger, reports the Wall Street Journal. Wheeler, according to the WSJ, called on Time Warner Cable CEO Rob Marcus and Charter Communications (CHTR) CEO Tom Rutledge, as well as other cable executives. Reference Link
07:00 EDTTWCAltice interest in TWC at early stage, NY Times says
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May 20, 2015
16:26 EDTTWCOn The Fly: Top stock stories for Wednesday
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10:00 EDTTWCOn The Fly: Analyst Initiation Summary
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07:48 EDTTWCAltice could have latitude for TWC deal near $200 per share, says Wunderlich
After The Wall Street Journal and Bloomberg said that Time Warner Cable has received a preliminary approach from Europe's Altice, Wunderlich estimated that TWC is worth $180 on an organic-only basis but that Altice could have latitude for a nominal deal price near $200 per share given the high value of Altice's equity. Applying the same multiple as what Altice just paid for Suddenlink to a deal for TWC yields a $230 takeout price, though this would be a "big reach," the firm added. Wunderlich has a Buy rating and $180 price target on Time Warner Cable shares.
06:28 EDTTWCAltice, Time Warner Cable have held talks about potential deal, Reuters reports
According to a source, Reuters reports that Altice is looking into buying Time Warner Cable (TWC), whose merger with Comcast (CMCSA) fell apart last month. The source says Altice has held talks with Time Warner Cable about a potential deal. Charter (CHTR) is also seeking to potentially buy Time Warner Cable. Reference Link
05:40 EDTTWCTime Warner Cable reinstated with an Equal Weight at Barclays
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May 19, 2015
07:36 EDTTWCAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 17, 2015
18:31 EDTTWCBanks prepare $25B funding in case of Charter-Time Warner deal, Reuters says
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May 13, 2015
09:24 EDTTWCComcast CEO says does not 'feel need to rush' to pursue other merger deals
Comcast (CMCSA) CEO Brian Roberts is speaking at the MoffettNathanson Research conference regarding the company's scrapped deal to buy Time Warner Cable (TWC).
07:16 EDTTWCMoffett Nathanson to hold a summit
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