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WhatNow
Premium Member
join:2009-05-06
Charlotte, NC

WhatNow to Skippy25

Premium Member

to Skippy25

Re: I hate to break it to him but...

I would say the price was a low ball considering TWC closed at $132.40 the day before. I jumped to $136 after the announcement of $132.50.
Chubbysumo
join:2009-12-01
Duluth, MN

Chubbysumo

Member

that was more than likely the goal of this public offer, to raise the price of both companies so that someone can either sell some stock, or buy more with daily dividends. Making this offer public was a stock market ploy, and nothing more.

Mr Guy
@charter.com

Mr Guy to WhatNow

Anon

to WhatNow
said by WhatNow:

I would say the price was a low ball considering TWC closed at $132.40 the day before. I jumped to $136 after the announcement of $132.50.

Actually the reason why TWC is $132 a share is all the merger rumors over the last year. if not for these rumors it would be trading at under $100 a share. So $132 is more than generous. Comcast would never be allowed to buy TWC and Cox isn't paying $160 a share. Heck they can't even offer $132 a share. So TWC can wait and as each quarter passes and they have fewer customers and less profit Charter's offer is likely to go down.