Hints and tips:
...New Zealand billionaire Richard Chandler’s Clermont Group has been building a stake in the firm, fuelling speculation of a potential bid....
...The independent directors of TWC represented early investors in TWC when it was founded by Harvey and Bob Weinstein as the successor company to Miramax....
...The collapse of the sale agreement means TWC will probably be liquidated....
...Colony, which is run by Tom Barrack, is still in exclusive talks to acquire some or all of TWC’s assets....
...Colony will provide an immediate “capital infusion”, the company said in a statement in a deal TWC board director Tarak Ben Ammar described as a “strategic partnership”....
...Residents of Chandler say they have already become accustomed to the sight of driverless cars on their roads....
...At most of Guggenheim’s direct competitors — such as Lazard, Voya, Barings, TWC and Janus Capital — the heads of distribution have a series 7 or series 24 certification issued by Wall Street’s self-regulatory...
...LionTree made it into the top 20 for the first time in 2015 after the Charter-TWC deal was announced....
...That transaction valued TWC at $158.82 a share....
...TWC executives will also miss out on a hefty windfall....
...Both deals were contingent on the completion of the Comcast-TWC combination....
...But if the Comcast-TWC deal is cleared, the Charter-Bright House combination will proceed, according to people close to the companies....
...Mr Baer is not involved in the Comcast-TWC review because, as a private attorney, he worked on the sale of NBCUniversal to Comcast in 2011....
...But the deal comes with a significant caveat: it is contingent not just on regulatory approval, but on completion of the Comcast-TWC transaction, which involves the sale of subscribers to Charter....
...Randall Stephenson, AT&T’s chief executive, is among the industry leaders who have described the Comcast/TWC deal as “industry redefining”....
...- “Can we block a merger [Comcast-TWC] just because the two companies involved are jerks?” - The inside story of how Gmail happened. - The dollars and cents case against Hollywood’s exclusion of women...
...TWC’s crown jewel is its big (14m) but shrinking customer base....
...TWC has three times Charter’s subscribers and more than double its enterprise value, and Mr Britt – another Sun Valley guest – seems unconvinced so far....
...Marc Chandler, strategist at Brown Brothers Harriman, says the difference in the countries’ respective two-year rates should remain a dominant driver of the dollar-yen exchange rate....
...“The robust size of the authorisation …should excite investors, and could be taken as an indication of TWC’s commitment to share repurchase,” said Stefan Anninger, analyst with Credit Suisse....
...The largest shareholders targeted by the lawsuits include the founders of the Tribune media conglomerate, including the Chandler and McCormick families, which collectively held a third of the outstanding...
...“It’s a tipping point,” said Luke Chandler, Rabobank global head of agricultural research. Next year USDA expects ethanol groups will use another 100m bushels....
New funds launched to attract investors
...Victor Chandler, the bookmaker that sponsors a big chase at Ascot every January – the race drew more than 1m viewers when Master Minded won it this year – says terrestrial TV coverage is crucial to his continued...
...“When the Chandlers owned it the paper was the most influential thing in town,” says Frank Gilliam, dean of the UCLA School of Public Affairs....
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