Time Warner Cable Inc., poised to split from Time Warner Inc., may consider a stock buyback or dividend after reducing debt taken on with the spinoff from its parent, Chief Financial Officer Robert Marcus said.
The second-largest U.S. cable-television company will focus on expanding its main business and reaching a debt target by the end of 2009, Marcus said in an interview yesterday. He plans to reduce leverage, the ratio of debt to earnings before interest, tax and non-cash costs, to about 3.25 from as much as 3.8 after the split. A payout to shareholders may come later.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8kPw6Pm_1F0&refer=home
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