Merger Arbitrage ETF End of Comcast/Time Warner Deal
April 24, 2015 at 13:03 PM EDT
The cable industry was rattled somewhat Friday as investors digested news that Comcast (NasdaqGS: CMCSA) is abandoning its $45 billion effort to acquire rival Time Warner Cable (NYSE: TWC). Investors are cheering the news as shares of Time Warner Cable are up 3.6% on volume that is already more...
