Time Warner Cable Inc (NYSE:TWC) rejected an acquisition offer from Charter Communications, Inc. (NASDAQ:CHTR), saying the $62 billion offer grossly undervalues the company.
![Time Warner Cable Rejects Charter Buyout Offer Time Warner Cable Rejects Charter Buyout Offer](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E)
Time Warner Cable Inc (NYSE:TWC) CEO Rob Marcus called the $132.50-a-share bid a ‘low-ball offer’.
Charter’s offer for Time Warner Cable
As reported earlier, Charter Communications, Inc. (NASDAQ:CHTR) has been pursuing a takeover bid for Time Warner Cable Inc (NYSE:TWC). John Malone, chairman of Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) initiated...
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