Time Warner Cable's incoming chief executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter's CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions.Speaking at an investment conference hosted by the bank UBS, Marcus said his job as CEO will be to do what is best for shareholders. He said he would be open to selling the company only if a deal benefits investors."Whether or not Time Warner Cable will participate in M&A is and always has been, whether as a buyer or seller, 100 percent driven by what's in the best interest of our shareholders," Rutledge said.Time Warner Cable is the subject of takeover speculation and is being circled by suitors such as Charter Communications Inc , Comcast Corp and privately held Cox.
Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR traded higher by 0.32% or $0.41/share to $128.16. In the past year, the shares have traded as low as $68.44 and as high as $144.02. On average, 735397 shares of CHTR exchange hands on a given day and today's volume is recorded at 964060.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.43% or $-0.56/share to $130.44. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2409500 shares of TWC exchange hands on a given day and today's volume is recorded at 2158185.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.62% or $-1.08/share to $65.49. In the past year, the shares have traded as low as $46.48 and as high as $70.77. On average, 4351250 shares of TWX exchange hands on a given day and today's volume is recorded at 6463799.
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