Moody's Puts Time Warner Cable (TWC) on Review for Downgrade

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

January 14, 2014 7:48 AM EST

Jefferies analyst Mike McCormack calls Charter's (NASDAQ: CHTR) 'bear hug' offer in the low-$130s range for Time Warner Cable (NYSE: TWC) an "opening salvo, with a final acquisition price closer to $150/sh."

The firm... 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