Enter multiple symbols separated by commas

Time Warner Cable to Start Trading Next Month

Time Warner's cable division said on Tuesday it has become a public company and it expects its shares to start trading as early as March 1.

The company expects the stock to be listed on the New York Stock Exchange.

The move by Time Warner Cable is a result of Adelphia Communications' bankruptcy plan becoming effective.

Adelphia, which was once the fifth-largest U.S. cable operator before going bankrupt, received Class A shares of Time Warner Cable on July 31, 2006, as part of the payment for Adelphia's cable systems.

Time Warner Cable said the shares will be distributed by Adelphia to its creditors in accordance with its Chapter 11 plan over the next few days. Time Warner Cable will trade under the "TWC" symbol.

Time Warner Cable withdrew its initial public offering registration filed with the Securities and Exchange Commission in October 2006. It filed updated information with the SEC on Tuesday regarding its operations.

Time Warner will retain 84% ownership of Time Warner Cable.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • CNBC update: Ireland votes on same-sex marriage

    The D.C. mansion murder suspect was taken into custody; Walmart wants to curb the use of anti-biotics in farm animals; and Irish voters head to polls to vote on same-sex marriage, reports CNBC's Sue Herera.

  • Break-up P&G, and do it now!

    Sanford Bernstein is arguing to break up Procter & Gamble. Ali Dibadj, Sanford Berstein, explains why.

  • Gap's growth strategy

    John Morris, BMO Capital Markets, discusses what it will take to get Gap back on track after continuing weakness in sales. Also, how other retailers stack up.