Key Developments: Time Warner Cable Inc (TWC)

TWC on New York Consolidated

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26 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Time Warner Cable Inc's board of directors unanimously rejects third grossly inadequate proposal from Charter Communications Inc
Monday, 13 Jan 2014 06:38pm EST 

Time Warner Cable Inc:Says that its board of directors has unanimously rejected a third grossly inadequate proposal from Charter Communications Inc to acquire TWC.Says the proposal was described only generally in a letter received today from Charter as being in the 'ow $130s.Says based on an interview with Charter CEO, Tom Rutledge, Bloomberg reported that the offer was for $132.50, consisting of $83.00 in cash and $49.50 in Charter stock.Says Charter had previously offered cash and stock nominally valued at about $114 in June and about $127 in Oct.Says Morgan Stanley, Allen & Company and Citigroup are serving as financial advisors to Time Warner Cable, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is legal counsel.  Full Article

Charter Communications Inc Proposes Merger With Time Warner Cable Inc
Monday, 13 Jan 2014 04:30pm EST 

Charter Communications Inc:Says that it has sent a letter to Time Warner Cable proposing that the companies immediately engage in discussions to conclude a merger agreement to combine the companies.  Full Article

Time Warner Cable Inc completes acquisition of DukeNet Communications
Monday, 6 Jan 2014 09:28am EST 

Time Warner Cable Inc:Says has completed its previously announced acquisition of DukeNet Communications, LLC.Says as a result of the $600 million transaction, Time Warner Cable adds more than 8,700 route miles to its fiber optic network that serve business customers in the Southeast, including key markets in North Carolina and South Carolina.  Full Article

Time Warner Cable Inc And Viacom reach long-term multiplatform distribution agreement
Tuesday, 24 Dec 2013 09:41am EST 

Time Warner Cable Inc:Says the company and Viacom Inc announced the multi-year renewal of their distribution agreement, which will allow Time Warner Cable and Bright House Networks to continue delivery of the entire portfolio of Viacom networks to their subscribers and provides.  Full Article

Charter Communications Inc prepares Time Warner Cable Inc offer at below $135/shr - Reuters
Friday, 13 Dec 2013 11:44am EST 

Charter Communications Inc:Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week - Reuters.The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock.  Full Article

Time Warner Cable Inc Lowers FY 2013 Revenue Guidance; Sees FY 2013 EPS Guidance At Midpoint Of Prior Range-Conference Call
Thursday, 31 Oct 2013 08:30am EDT 

Time Warner Cable Inc announced that for fiscal 2013, it expects deliver adjusted diluted earnings per share (EPS) growth somewhere around the midpoint of the 10% to 15% range the Company guided to at the beginning of the year and revenue growth rate of 3% to 3.5%. The Company reported EPS of $6.90 and revenue of $21.386 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $22.187 billion for fiscal 2013.  Full Article

Time Warner Cable Inc Declares Quarterly Dividend
Thursday, 24 Oct 2013 09:52am EDT 

Time Warner Cable Inc announced that it has declared a quarterly dividend of $0.65 per share on the Company's Common Stock, payable in cash on December 16, 2013, to stockholders of record at the close of business on November 29, 2013.  Full Article

Time Warner Cable Inc & Al Jazeera America Reaches Carriage Agreement
Thursday, 24 Oct 2013 09:00am EDT 

Time Warner Cable Inc and Al Jazeera America announced they have reached an agreement to bring Al Jazeera America to Time Warner Cable and Bright House Networks customers' lineups. The channel will be launched on digital basic in Time Warner Cable and Bright House Networks markets, including New York City, Los Angeles and Dallas, over the next six months.  Full Article

Time Warner Cable Inc And Ovation Reach Carriage Agreement
Wednesday, 16 Oct 2013 12:47pm EDT 

Time Warner Cable and Ovation announced that they reached an agreement to bring Ovation back to Time Warner Cable and Bright House Networks customers' lineups on January 1, 2014. Under the new agreement, the network has committed to deliver 200 more hours of original programming dedicated to the arts in the next year. By 2015, Ovation has committed to carry 250 hours per year of new and original programming growing to 300 hours for each subsequent year of the term. Time Warner Cable and Bright House Networks had dropped Ovation from its lineup on January 1 of this year citing the network's small amount of original arts programming.  Full Article

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.  Full Article

U.S. FCC pauses Comcast-Time Warner merger review until Jan. 12

WASHINGTON - U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, citing delays in getting documents from Time Warner Cable.

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