Short Take: @Home stock falls on rumors
@Home's stock fell as much as 2-5/16 to 31-1/8 on reports that its merger talks with Time Warner's Road Runner unit had stalled. The shares have since rebounded. The report in the Wall Street Journal followed similar ones in Cable World, Multichannel News, and other publications. When word of the talks first leaked, sources cautioned that no deal was imminent and that talks could break down. As reported, AT&T still has an interest in teaming up with @Home.
stock fell as much as 2-5/16 to 31-1/8 on reports that its merger talks with Time Warner's Road Runner unit had stalled. The shares have since rebounded. The report in the Wall Street Journal followed similar ones in Cable World, Multichannel News, and other publications. When word of the talks first leaked, sources cautioned that no deal was imminent and that talks could break down. As reported, AT&T still has an interest in teaming up with @Home.