Charter to push slate for Time Warner Cable board

By: AP Email
By: AP Email

STAMFORD, Conn. (AP) -- Charter Communications says it's nominating a full slate of 13 candidates for election to Time Warner Cable's board as it pushes forward with its takeover bid.

Charter also wants Time Warner Cable's shareholders to amend the company's bylaws to lock the size of the board at 13 members and to repeal any bylaw changes that were adopted by the board without shareholder approval after July 26, 2012.

In January, Charter said it would take its cash-and-stock offer of about $38 billion, or about $132.50 per share, directly to Time Warner Cable shareholders. The offer was previously rejected by the company's management.

Time Warner Cable Chairman and CEO Rob Marcus says "we are not going to let Charter steal the company" with a lowball offer.

Time Warner Cable shares slipped in morning trading.


The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 244890301 - weau.com/a?a=244890301
Gray Television, Inc.