Arab Today, arab today charter takes time warner cable bid to shareholders
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Charter takes Time Warner Cable bid to shareholders

Arab Today, arab today

Arab Today, arab today Charter takes Time Warner Cable bid to shareholders

San Francisco - AFP

Charter Communications on Monday went to shareholders with its multi-billion-dollar bid to buy Time Warner Cable. Charter said in a release that the move comes after submitting several snubbed proposals, most recently a December cash-and-stock offer valued "in the low $130s" per share. There were reported to be 281.89 million shares of Time Warner Cable shares outstanding, meaning a Charter bid of $132 each would translate into a purchase price about $37.1 billion not counting any assumed debt. "Time Warner Cable's response led Charter to determine there is no genuine intent from Time Warner Cable's management and Board of Directors to engage in a merger agreement, and that it is prudent tobring the matter to shareholders directly," Charter said in the rlease. Time Warner shares were up slightly from its closing price to $134.60 in after market trades on Monday. "We are fully prepared to finalize a deal on an extremely expedited basis," Charter chief executive Thomas Rutledge said in a copy of a letter sent to the head of Time Warner Cable. US cable television and Internet titan Comcast is also seen as potential suitor of Time Warner Cable.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today charter takes time warner cable bid to shareholders Arab Today, arab today charter takes time warner cable bid to shareholders

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today charter takes time warner cable bid to shareholders Arab Today, arab today charter takes time warner cable bid to shareholders

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday