Charter Communications Inc has made a verbal offer to purchase Time Warner Cable Inc for $132.50 per share, a person familiar with the matter said on Monday. Charter held discussions with Time Warner Cable, which responded that it wanted a higher bid, the person said.Charter is offering to pay $83 per share in cash and the rest with its own stock, and is preparing to take its bid to shareholders of Time Warner Cable, the person said, asking not to be named because the matter is not public yet.Charter declined to comment, while Time Warner Cable could not be immediately reached for comment.
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 fell by 1.61% or $-2.2/share to $134.22. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 825975 shares of CHTR exchange hands on a given day and today's volume is recorded at 912221.
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 0.72% or $-0.96/share to $132.40. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2512080 shares of TWC exchange hands on a given day and today's volume is recorded at 2989189.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.09% or $-0.72/share to $65.47. In the past year, the shares have traded as low as $48.84 and as high as $70.77. On average, 4277190 shares of TWX exchange hands on a given day and today's volume is recorded at 5630124.
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