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Wednesday, July 16, 2014

Deals of the day- Mergers and acquisitions, (NYSE: TWX)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:** Rupert Murdoch's 21st Century Fox said it made a bid to purchase media conglomerate Time Warner Inc, but was rebuffed. The bid was worth roughly $80 billion, or $85 per share, in cash and stock, a source familiar with the situation told Reuters.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 17.07% or $12.12/share to $83.13. In the past year, the shares have traded as low as $57.59 and as high as $73.07. On average, 5628170 shares of TWX exchange hands on a given day and today's volume is recorded at 69385920.