REFILE-Charter touts benefits of Time Warner Cable deal
http://pixel.quantserve.com/pixel/p-89EKCgBk8MZdE.gif
By Liana B. Baker
Jan 14 (Reuters) – Charter Communications sees annual synergies of $ 500 million and other benefits such as tax savings from its proposed acquisition of Time Warner Cable , the company said in an investor presentation posted on its website Tuesday.
The company said annual synergies would grow to $ 750 million over time. Charter said the combined company would have to take on $ 20.5 billion in new debt, or $ 72.16 per share, which would bring it to a leverage ratio of 4.8 times to five times.
Charter also said in its 30-page presentation that Charter would be able to accelerate Time Warner Cable’s customer and cash-flow growth, increase its margins and roll out higher Internet speeds.
On Monday, Charter, the No. 4 cable operator, proposed paying $ 132.50 per share, consisting of around $ 83 per share in cash and its own stock, in a deal valued at $ 37.3 billion.
Time Warner Cable shares on Tuesday rose 3.1 percent to $ 136.48.
Read more about REFILE-Charter touts benefits of Time Warner Cable deal and other interesting subjects concerning Bonds at TheDailyNewsReport.com
No comments:
Post a Comment