News Brief


Time Warner Cable’s board of directors rejected a bid by Charter Communications Monday afternoon. In a statement, Time Warner Cable’s board described the proposal as “grossly inadequate.”

Charter proposed to buy Time Warner Cable for about $61.3 billion, or $132.50 a share, Bloomberg News reported.

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1 comments
BayportBob
BayportBob

wow, talk about a leveraged buyout.  who's going in on the proposed buyout?  cannot just be Charter......

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