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Originally Posted by andrew_wallasey
Obivoiously NTL is a much bigger company so they might just change Telewest Broadband areas to be named NTL:Telewest.
What is interesting though. What will happen to the shares in Telewest if/when this merger happens. It is a gamble because if ntl buy them out, ntl are not floated on the uk stock market (afaik) but telewest are under two names Telwest Global and Telwest Communications (afaik again). So ntl might just buy all of telewests shares back at **** prices but if they don't they will go up when a marger/buy out happens.
It is so difficult to tell.
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But by the time the TW restructuring has been completed, the bulk of the shares in both co's will be in the hands of the banks that provided the original debt finance, thus the shareholders of both companies will already be one and the same. The merger is just part of the process of rejuvination of their balance sheet and creating value before an offering of the shares in the new company.