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Fly News Breaks for May 26, 2015
CHTR, TWC
May 26, 2015 | 07:44 EDT
After press reports stated that Charter (CHTR) was about to announce that it had agreed to buy Time Warner Cable (TWC) for $5B, RBC Capital says that the high multiple of the offer was due to the interest of another company, Altice, in buying Time Warner Cable. However, the firm does not expect Altice to make a counterbid, given the high multiple of the reported Charter deal and the reported $2B break=up fee. RBC keeps a Sector Perform rating on Time Warner Cable.
News For TWC;CHTR From the Last 2 Days
