Time Warner Cable Rejects Charter Buyout Offer

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Mani
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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 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 a deal between Charter and Time Warner Cable. Malone aims to regain his status and shake up the cable industry as Cable King. Liberty Media owns a 27% stake in Charter…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports