Comcast Corp's proposed $45.2 billion merger with Time Warner Cable Inc would generate as much as $143 million in investment banking fees, providing a rare boon to Wall Street banks grappling with a dearth of large corporate takeovers. JPMorgan Chase & Co, former top Morgan Stanley banker Paul Taubman and Barclays, which together advised Comcast, would split an estimated $51 million to $68 million in advisory fees if the proposed deal goes through, according to estimates by Freeman & Co LLC.Financial advisers to Time Warner Cable - Morgan Stanley , Allen & Company, Citigroup Inc and Centerview Partners - are set to share $57 million to $75 million in fees, the estimates show.However, a number of other banks backing a rival bidder, Charter Communications Inc, would likely miss out on the several hundred millions of dollars in potential fees.Because Charter's cash and stock offer for Time Warner Cable, unlike Comcast's all-stock bid, involved a large borrowing, banks advising Charter could have earned more than $500 million in advisory and financing fees, according to Freeman & Co estimates in January.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 1.14% or $-0.57/share to $49.39. In the past year, the shares have traded as low as $40.28 and as high as $55.28. On average, 25436800 shares of C exchange hands on a given day and today's volume is recorded at 3981021.
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 6.72% or $-9.25/share to $128.32. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 1160560 shares of CHTR exchange hands on a given day and today's volume is recorded at 3986033.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.02% or $0.009/share to $57.53. In the past year, the shares have traded as low as $46.05 and as high as $59.82. On average, 18253300 shares of JPM exchange hands on a given day and today's volume is recorded at 2544604.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.72% or $-0.52/share to $29.64. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 12207900 shares of MS exchange hands on a given day and today's volume is recorded at 2790085.
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 traded higher by 6.85% or $9.27/share to $144.58. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2886510 shares of TWC exchange hands on a given day and today's volume is recorded at 10893227.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.03% or $-0.02/share to $65.04. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5070630 shares of TWX exchange hands on a given day and today's volume is recorded at 513364.
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