The following entry appeared in its entirety on StreetInsight.com on October 5, 2005.
NTL Incorporated (NTLI) and Telewest (TLWT) announced their long awaited and long overdue merger on Monday. The terms were about as expected with TLWT shareholders receiving value of almost $24 per share composed of $16.25 in cash plus .115 shares of NTLI. I like the deal and I am surprised by the sell-off in NTLI shares since the deal was announced. I do not own a position in NTLI presently but if the shares go much lower I will probably re-enter on the long side (I still own NTLIW