By Karlee Weinmann (December 13, 2013, 3:08 PM EST) -- Charter Communications Inc. could send a buyout bid to New York's Time Warner Cable Inc. as soon as next week, a source told Reuters on Friday. The proposed consideration will include a mix of cash and stock, and will weigh in at less than $135 per share, well below the $150-per-share asking price previously laid out by Time Warner's board. Charter, which is markedly smaller than the $37 billion Time Warner behemoth, has been meeting with banks including Goldman Sachs Group Inc. and Deutsche Bank AG to line up financing for the blockbuster deal that would create a true market powerhouse. Time Warner for the past month has been a buzzworthy takeover candidate for Charter, as well as Philadelphia-based rival Comcast Corp., which has recruited JPMorgan Chase & Co. to advise it on a potential acquisition play....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
