Time Warner Cable (TWC) Final Deal Price May be Closer to $150/Sh - Jefferies
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Time Warner Cable (TWC) Proxy Fight & 5%-10% Increased Bid Could be Next Page - Analyst (CHTR) (CMCSA)
January 14, 2014 11:04 AM ESTTime 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 ESTNorthland 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 ESTTime 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