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Time Warner Cable Inc To Acquire Regional Fiber Optic Network Company DukeNet Communications From Duke Energy Corp

Monday, 7 Oct 2013 08:30am EDT 

Time Warner Cable Inc announced that it has entered into a definitive agreement with Duke Energy Corp and investment funds managed by Alinda Capital Partners to buy DukeNet Communications, LLC for $600 million in cash, including the repayment of debt. The transaction, which is expected to close in the first quarter of 2014. RBC Capital Markets, LLC advised Duke Energy and Alinda on the sale of DukeNet, and Moore & Van Allen PLLC provided legal counsel. Edwards Wildman Palmer LLP provided legal counsel to Time Warner Cable. 

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-2.55 -1.66%
22 Sep 2014