Market Overview

Morgan Stanley Says Charter Could Pay $140+ Per Share for Time Warner Cable; Leads to Volatility

Share:

In a report released Wednesday morning, Morgan Stanley analyst Benjamin Swinburne released a report commenting on acquisitions and consolidation in the cable tv space.

Swinburne noted that Charter Communications (NASDAQ: CHTR) could acquire Time Warner Cable (NYSE: TWC) for $140 per share or more, giving a premium of at least 20 percent for an acquisition. He stated that the merger would lead to cost synergies between $800 and $900 million dollars, and that the new company would trade at roughly 8 times EBITA.

Later on, Swinburne said that Time Warner Cable is the best way to play consolidation in the sapce, and that the company was unlikely to acquire Cablevision (NYSE: CVC) due to lack of growth.

Following the report, Charter shares traded roughly flat at $124.06, while Time Warner Cable traded down 0.79 percent to $112.48, and Cablevision rose 0.91 percent to $18.75.

Posted-In: Benjamin Swinburne Morgan StanleyAnalyst Color News Analyst Ratings Movers Tech

 

Related Articles (CVC + CHTR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ATVICitiMaintains55.0
TIGOBank of AmericaMaintains76.0
NVDABank of AmericaMaintains250.0
ZENRBC CapitalMaintains100.0
ZMorgan StanleyMaintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Stifel Out With Report Defending American Tower

Will Apple Pay to Eliminate TV Commercial Breaks? (AAPL)