Now it's official: Charter Communications and Time Warner Cable will merge, creating a cable industry giant that will compete head-to-head with the American leader Comcast.
As stated in a statement, Charter will pay 55 billion dollars in cash and shares, or 78,7 billion including the assumption of debt, for TWC already today the second largest American cable operator after Comcast.
The offering values TWC at $195,71 a share, a 14% premium over TWC's last Wall Street close.
Charter will pay approximately $100 per share in cash and the remainder in its own stock. Alternatively, shareholders may elect to receive $115 per share in cash and the remainder in stock.
