Law360, New York (January 15, 2014, 3:33 PM EST) -- Shareholders in Time Warner Cable Inc. would back a sale to Charter Communications Inc. but only if the wannabe buyer ups its proposed purchase price, sources told Reuters on Wednesday. Charter earlier this week offered $132.50 per share for the sought-after cable giant that its board promptly rejected. But at least two of Time Warner's top 10 shareholders are open to a tie-up, just at a price point of between $145 and $150 per share — or up to $42 billion in all.
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