Charter Communications Inc has made a verbal offer to purchase larger rival Time Warner Cable Inc for $62.35 billion, including debt.Charter is offering to pay $132.50 per share consisting of around $83 per share in cash and its own stock, and is preparing to take its bid to shareholders of Time Warner Cable.Charter, the No 4 cable operator, said on Monday that it held discussions with Time Warner Cable, which responded that it wanted a higher bid.Charter stock was down 2.2 percent at $134.22 while Time Warner Cable shares were down 0.96 percent at $132.4.
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 913393.
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 3060447.
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 5631491.
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