Quantcast

Friday, August 29, 2014         

 Print   Email   Comment | View 3 Comments   Most Popular   Save   Post   Retweet

Charter details Time Warner Cable takeover plan

By Associated Press

POSTED:
LAST UPDATED: 03:57 a.m. HST, Jan 15, 2014


STAMFORD, Conn. >> Charter Communications is offering more details on its plans to bid around $132.50 per share to take over Time Warner Cable.

The cable company says the contemplated offer is 38 percent higher than where its target's stock was trading when it first made a bid in June.

Charter released a presentation online Tuesday with more details on the $38 billion proposal. It says a takeover would create value through joint sales and marketing, cost savings and technology cooperation. Charter will brief investors on the proposal later Tuesday.

Time Warner Cable has called the offer "a non-starter." Charter says its rival's hope for a better deal is "unrealistic."

Market participants believe a better offer is possible. Time Warner Cable Inc. shares are up 3.1 percent at $136.50 in midday trading.






 Print   Email   Comment | View 3 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(3)
You must be subscribed to participate in discussions


IN OTHER NEWS
Breaking News