U.S. HISPANIC
Charter Communications to purchase Time Warner Cable in a cash and stock deal valued at US$78.7 billion
Maribel Ramos-Weiner| 26 de mayo de 2015
Charter Communications has agreed to purchase Time Warner Cable in a cash and stock deal valued at US$78.7 billion.Charter will provide US$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 Time Warner Cable share at approximately US$195.71 based on Charters market closing price on May 20, or approximately US$200 based on Charters 60-trading day volume weighted average price.At the same time, Charter agreed to purchase Bright House Networks for US$10.4 billion, another deal that has been in the works for a while. The combination of Charter, Time Warner Cable and Bright House will create a leading broadband services and technology company serving 23.9 million customers in 41 states. The deal, expected to close by the end of the year, is a substantial premium to the Comcast deal, which valued TWC at more than $158 per share.New Charter will be led by Tom Rutledge, who will serve as president and CEO.
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