Time Warner Cable Nears Deal with Charter for $55.1 Billion
Charter Communications Inc. is near an agreement to buy Time Warner Cable Inc. for about $55.1 billion in cash and stock, after French billionaire Patrick Drahi expressed interest in the assets, according to people familiar with the matter.
Charter will pay about $195 a share — 14 percent above Time Warner Cable’s closing price on May 22 — with $100 in cash and the rest in its own stock, said the people, who asked not to be identified because the talks are confidential. The deal could be announced as soon as Tuesday, they said. Bright House Networks, a smaller cable company that Charter is trying to buy, will also be merged into the combined entity, they said
Stocks to Trade |Monday May 26, 2015
- $SOX semiconductor stocks strong
- Perfect flag/inside day breakout in $GS on Friday.
- Download your trading plan template today.
Interesting Chart Lessons:
- Exhaustion volume and price action in YOKU
Earnings in play today > 1M avg shares: MBT, TDW, TIVO, WDAY
Bullish Ideas ATR/Volume/Price: GPRO, BABA, TSLA, CBI, SWKS, YUM, GILD, HCA, SCTY>63, GS, AAPL (133), ESRX, FEYE, UNH (test of 119 support)
Bearish Ideas ATR/Volume/Price: wynn, ual, kss, qihu, unp
Weak Stock Weak Close: bby, mrvl, slca
Strong Stock Weak Close: FL
Weak Stock Strong Close: NTAP
Strong Stock Strong Close: YOKU, NDRX, SUNE, CRM, ADI, BRCD, FEYE,
20 day Breakdown: luv, mrvl,
20 Day Breakout: YOKU, MDRX, ADI, DE, BRCD, HPQ, CDNS, FEYE
2x Normal Volume: YOKU, FL, MRVL, DE, NTAP, VOD, JBLU, BRCD, HPQ, FEYE
Watch List Longs: ADM>53, AET, SBUX, COF, HON, VLO, CVS> 104, JNPR, INTU, ADBE, BRCM, EBAY>60, AKAM
Watch List Short: kss, sun, all, cvx, wmt, ntap, low,
Inside days: CVS, BK, AKAM
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