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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 4.97% or $3.03/share to $63.95. 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 3763267.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.79% or $0.27/share to $34.48. 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 5782941.



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