Close

Time Warner Cable (TWC) Final Deal Price May be Closer to $150/Sh - Jefferies

Go back to Time Warner Cable (TWC) Final Deal Price May be Closer to $150/Sh - Jefferies

Time Warner Cable (TWC) Proxy Fight & 5%-10% Increased Bid Could be Next Page - Analyst (CHTR) (CMCSA)

January 14, 2014 11:04 AM EST

Time Warner Cable, Inc. (NYSE: TWC) said Monday night that its Board of Directors has unanimously rejected a third grossly inadequate proposal from Charter Communications (Nasdaq: CHTR) to acquire TWC. Commenting on developments, analyst Doug Mitchelson of Deutsche Bank said a proxy fight could be next.

"It is doubtful that a bridge can be built across the gap between CHTR's... More

Time Warner Cable (TWC) Bid from Charter (CHTR) Sets Low Bar for Comcast (CMCSA), Northland Capital Markets Says

January 14, 2014 10:14 AM EST

Northland Capital Markets analyst Tom Eagan commented on Time Warner Cable (NYSE: TWC) after Charter (NASDAQ: CHTR) offered to acquire the company in a deal valued at $132.50, which was rejected by the board, which also indicated that... More

Time Warner Cable (TWC) Rejects Charter's (CHTR) $132.50/Share Bid

January 14, 2014 6:08 AM EST

Time Warner Cable, Inc. (NYSE: TWC) said Monday night that its Board of Directors has unanimously rejected a third grossly inadequate proposal from Charter Communications (Nasdaq: CHTR) to acquire TWC. The proposal was described only generally in a letter received today from Charter as being in the low $130s. Based on an interview with Charter CEO, Tom Rutledge, Bloomberg reported that the offer was for $132.50, consisting of $83.00 in cash and $49.50 in Charter stock. Charter had previously offered cash and stock nominally valued at approximately $114 in June and approximately $127 in... More

Charter Communications (CHTR) Makes ~$132.50/Share Bid for Time Warner Cable (TWC)

January 13, 2014 4:01 PM EST

(Updated - January 13, 2014 4:30 PM EST)

Charter Communications (NASDAQ: CHTR) to buy Time Warner Cable (NYSE: TWC) for about $132.5/Share. The proposal includes $83 per share in cash and $49.50 in Charter stock, its CEO told Bloomberg. A letter was sent to Time Warner explaining the offer, but so far Charter has not received a serious response.

UPDATE - The letter is reproduced below:

January 13, 2014

Time Warner Cable Inc.
60 Columbus Circle
New York, New York 10023
Attention: Robert D. Marcus
Chairman and... More