Skip to main content

Market Overview

Time Warner Cable to Merge with Comcast

Share:

Comcast Corporation (Nasdaq: CMCSA)(Nasdaq: CMCSK) and Time Warner Cable
(NYSE: TWC) today announced that their Boards of Directors have approved
a definitive agreement for Time Warner Cable to merge with Comcast. The
agreement is a friendly, stock-for-stock transaction in which Comcast
will acquire 100 percent of Time Warner Cable's 284.9 million shares
outstanding for shares of CMCSA amounting to approximately $45.2 billion
in equity value. Each Time Warner Cable share will be exchanged for
2.875 shares of CMCSA, equal to Time Warner Cable shareholders owning
approximately 23 percent of Comcast's common stock, with a value to Time
Warner Cable shareholders of approximately $158.82 per share based on
the last closing price of Comcast shares. The transaction will generate
approximately $1.5

See full press release

 

Related Articles (CMCSA + CMCSK)

View Comments and Join the Discussion!

Posted-In: M&A News Guidance Asset Sales Management Global

Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
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