Charter Bonds Rise on Merger News

Charter Communications (CHTR) announced Tuesday that it is buying privately-held cable operator Bright House Networks for $10.4 billion, sparking a rise in its bond prices. Charter CCO Holdings 5.75% notes due January 2024 gained about two points to 104.75 from 102.625, according to S&P Capital IQ LCD. Charter’s stock climbed more than 7% on on [...]