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."
http://www.digitalspy.co.uk/article/ds21660.html
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