Time Warner Cable Stock Surges on Charter Chatter

Report says Charter lining up bankers for TWC bid 11/22/2013 12:15:00 PM Eastern

Time Warner Cable stock soared Friday — up more than 7% ($8.64 each) to $129.50 per share in early trading — after a report in the Wall Street Journal said that Charter Communications was close to lining up bankers for a bid for the New York-based MSO.

Charter shares also rose - they were up as much as 4.7% ($5.98 each) to $132.94 per share in early trading Friday. At 9:57 a.m. on Nov. 22, Charter shares were up 1.2% ($1.53 each) to $128.49 per share.

The news also helped lift other cable stocks — Cablevision Systems shares rose 5.4% (81 cents each) in early trading Friday to $15.73 per share and Comcast stock was up 2.7% ($1.26 each) to $48.71 per share.

For the full story go to

Want to read more stories like this?
Get our Free Newsletter Here!

Women of the West

Television Academy's Saban Media Center, North Hollywood, CA