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Friday, December 2, 2011

Deals of the day -- mergers and acquisitions, (NYSE: TWC), (NYSE: TWX)

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Friday.** Verizon Wireless agreed to pay $3.6 billion to purchase wireless airwaves from a venture of cable companies Comcast Corp , Time Warner Cable Inc and privately held Bright House Networks.

Time Warner Cable Inc. is a cable operator in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 2.59% or $1.58/share to $62.50. In the past year, the shares have traded as low as $57.15 and as high as $80.86. On average, 2783760 shares of TWC exchange hands on a given day and today's volume is recorded at 249417.

Shares of TWX traded higher by 0.67% or $0.23/share to $34.44. In the past year, the shares have traded as low as $27.62 and as high as $38.62. On average, 8345540 shares of TWX exchange hands on a given day and today's volume is recorded at 235982.



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