Ntl Could Offer $30 A Share
 

I WISH MY RED BUTTON WOULD WORK


Analysts at Credit Suisse First Boston have speculated that NTL could afford to pay up to $29 per share in a merger deal with Telewest, nearly 40% more than its stock price.

The firm indicated that a more likely price would be nearer $23 per share in a combined stock and cash transaction. Telewest shares closed at $20.97 on Tuesday.

CSFB also acknowledged the speculation that Flextech would eventually be sold off by the merged group, but said that a content division was a "strategic asset" and should be retained. NTL has indicated that it doesn't see Flextech as a suitable fit for a cable operator, whereas Telewest's acting CEO Barry Elson has previously said that "content becomes more valuable in the future and not less," adding that Telewest likes "being in both businesses."

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