Time Warner Cable's Reasons for Holding Out
Charter Communications says that it wants to buy Time Warner Cable, but it's going about it in a very odd way. Normally, prospective acquirers offer to pay a premium of about 20 percent to 30 percent of the current market price. Charter offered shareholders of TWC a premium roughly equal to zero. No wonder TWC's boss called the bid a "low-ball offer." He would be nuts not to insist on more.
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