Wednesday, January 22, 2014
Charter Tries Direct Link with Time Warner Cable Shareholders
After failing to acquire Time Warner Cable (TWC) for the third time, Charter Communications Inc. (CHTR) has now taken the acquisition fight directly to shareholders by offering them $132.5 per share.
Charter Communications is hell bent on acquiring Time Warner Cable because doing so would make it the second-largest cable company in the US with close to 16 million subscribers. Its only rival would then be Comcast Corporation (CMSCA) with close to 22 million subscribers.
But according to Time Warner Cable CEO Rob Marcus: “Charter has chosen to go public with its third low-ball offer, trying to pressure Time Warner Cable's board into selling the company at a grossly inadequate price.”
Read More : Time Warner Cable