Deals
Charter Offers to Buy Time Warner Cable in $61 Billion Deal
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Charter Communications Inc. offered to buy Time Warner Cable Inc. for about $132.50 a share, valuing the second-largest U.S. cable provider at more than $61 billion, including debt.
Excluding debt, Charter would pay about $37.3 billion. The proposal includes about $83 cash per share and about $49.50 in Charter stock, Tom Rutledge, Charter’s chief executive officer, said in an interview. The offer is the third-largest for any global company since 2009, data compiled by Bloomberg show.