An investigation on behalf of investors of Time Warner Cable Inc (NYSE:TWC) in connection with the proposed takeover was announced and NYSE:TWC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/29/2014 -- An investigation on behalf of investors, who currently hold shares of Time Warner Cable Inc (NYSE:TWC) shares, was announced concerning whether a proposed takeover of Time Warner Cable Inc by Charter Communications is unfair and not in the best interest of NYSE:TWC shareholders.
Investors who purchased shares of Time Warner Cable Inc (NYSE:TWC) and currently hold any of those NYSE:TWC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Time Warner Cable Inc breached their fiduciary duties owed to NYSE:TWC investors in connection with the proposed acquisition.
On January 13, 2014, Time Warner Cable Inc announced that it received in a generally proposal from Charter Communications to acquire as Time Warner Cable Inc in the “low $130s”. Time Warner Cable Inc said that based on an interview with the CEO of Charter Communications a report stated that the offer was for $132.50, consisting of $83.00 in cash and $49.50 in Charter Communications stock. Time Warner Cable Inc said that Charter Communications had previously offered cash and stock nominally valued at approximately $114 in June and approximately$127 in October. Time Warner Cable Inc said it rejected the offers by Charter Communications.
However, the investigation concerns whether a takeover offer was unfair to NYSE:TWC stockholders. More specifically, the investigation concerns whether the Time Warner Cable Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and most importantly actin the shareholders' best interests in connection with any proposed sale.
At least one analyst has set the high target price for NYSE:TWC shares at $165.00 per share. Furthermore, Time Warner Cable Inc reported that its annual Total Revenue rose from over $17.86 billion in 2009 to over $21.38 billion in 2012 and its respective Net Income increased from over $1.07 billion to over $2.15 billion. In addition, shares of Time Warner Cable Inc (NYSE:TWC) grew from $29.11 per share in July 2009 to as high as $138.22 per share in November 2013.
On Jan. 28, 2014, NYSE:TWC shares closed at $133.71 per share.
Those who are current investors in Time Warner Cable Inc (NYSE:TWC) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego