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.