HALISTER: Charter Said to Have Rejected Verizon’s $350-$400/Shr Bid: NYP

Charter Said to Have Rejected Verizon’s $350-$400/Shr Bid: NYP

(Bloomberg) -- Verizon CEO Lowell McAdam made proposal to buy Charter Communications in recent months, New York Post reports, citing three unidentified people familiar.
  • Offer valued at between $350-$400/share: report cites two people
    • Charter rejected offer because it was too low; wasn’t ready to sell
  • Verizon also recently expressed interest in Sirius XM; didn’t get as far as a bid
  • Verizon declined comment: NYP
  • NOTE: CHTR last closed at $345.55; mkt cap $106.4b

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
CHTR US (Charter Communications Inc)
SIRI US (Sirius XM Holdings Inc)

People
Lowell McAdam (Verizon Communications Inc)

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UUID: 7947283