Charter to Time Warner Cable Shareholders: Take Our Offer Before It's Too Late Deadline
"Charter says that Time Warner Cable [TWC] shareholders should take its deal while they can because 'TWC’s value to Charter is declining, driven by continued customer relationship and triple play subscriber losses and financing costs from further delays,' " reports our good friend David Lieberman at Deadline.com.
The story reports: "Late last week TWC said that it will outline its operating plans on January 30. To Charter, that 'slow response should at best concern shareholders as to what if any strategy exists today, and could reflect yet another delay tactic for a consensual deal.'"
Charter's proposed deal for TWC is a cash and stock offer of $132.50 a share or $61.3 billion. The offer includes debt.