11:34 am Charter Comms (CHTR)
Charter Communications (CHTR) is rallying 8% today after announcing it will acquire Bright House Networks for $10.4 bln. Bright House is the sixth largest cable operator in the US and serves approximately 2 mln video customers in central Florida including Orlando and Tampa Bay, as well as Alabama, Indiana, Michigan, and California. This acquisition enhances CHTR's scale, and solidifies New Charter as the second largest cable operator in the US.
Charter said on the call this morning that it intends to use its larger scale efficiently to drive …More