Charter Challenges Comcast-Time Warner Cable Tie in Proxy

Charter Communications Inc. urged Time Warner Cable Inc. investors not to endorse a takeover by Comcast Corp., signaling it’s not backing down in its pursuit of Time Warner Cable without a fight.

Comcast, which outbid Charter this year with a $45 billion stock offer, is too susceptible to regulatory hurdles because it’s the biggest in the cable industry, Charter said today in a filing. Time Warner Cable, meanwhile, refused to engage with Charter to develop a merger deal, Charter said.