Jan 23 T. Rowe Price Group sent a
letter this week to Time Warner Cable urging the cable
company to have talks with smaller cable provider Charter
about a possible deal, according to people familiar
with the matter.
As of Sept. 30, T. Rowe owned 5.16 percent of Charter shares
and 2.3 percent of Time Warner Cable shares. T. Rowe is Time
Warner Cable's eighth-largest shareholder and Charter's
third-largest shareholder, the last publicly available filings
show, according to Thomson One.
T. Rowe is the first shareholder to send a letter to Time
Warner Cable management since Charter made its approach with a
$37.3 billion offer, one of the people said.
Members Time Warner Cable's board have read the letter, but
their reaction was not immediately clear, sources said.
It also wasn't clear whether T. Rowe was urging Time Warner
Cable to consider a deal at a specific price.