Time Warner Cable Sets Spinoff Date

Feb 26, 2009  •  Post A Comment

Time Warner Cable, the No. 2 U.S. cable company behind Comcast, will complete its planned spinoff from Time Warner Inc. on March 27, Daily Variety reports. Time Warner Cable shareholders will receive a special cash dividend worth about $10.9 billion, or about $10.27 a share, the newspaper says.
—Danny King

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