Time Warner Cable (NYSE:TWC) has made a first-round offer to acquire Cablevision Systems Corporation’s (NYSE:CVC) Optimum West business, say inside sources. The company, along with Charter Communications and Suddenlink Communications, are competing for a business that serves around 300,000 customers in Wyoming, Montana, Colorado and Utah. Two years ago, Cablevision bought Optimum West, formerly known as Bresnan Broadband Holdings for $1.37 billion.
Pinnacle Entertainment (NYSE:PNK) purchases all of the outstanding common shares of Ameristar Casinos for $26.50 per share in cash, for an aggregate value of $2.8 billion, including debt of $1.9 billion and cash on hand of $116 million as of September 30th. This transaction marks a premium of 45 percent over the average close of Ameristar common stock for the 90 days ended December 20th.
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On Friday, Groupon (NASDAQ:GRPN) reported that it has purchased CommerceInterface, a top supplier of web-based channel management tech that aids manufacturers, distributors and retailers in succeeding at managing their businesses and online selling. Financials of the transaction were not released.
The TJX Companies (NYSE:TJX) said Friday that it bought Sierra Trading Post, which is a Wyoming-based off-price Internet retailer, at a cash price of roughly $200 million. The buyer expects that this transaction will be slightly accretive to earnings beginning in fiscal 2014, but that it will not be material to its consolidated financial statements.