May 2014 Deals & Suits
Time Warner Cable
Time Warner Cable Inc. (TWC) thwarted a hostile bid by agreeing to sell itself to Comcast Corp. for $67 billion in stock and assumed debt on Feb. 13. A month earlier, Charter Communications Inc. CEO Thomas Rutledge had gone public with a letter to TWC counterpart Robert Marcus in which Charter said it would was willing to pay $132.50 a share for TWC, including $83 in cash. The bid valued TWC's equity at roughly $37 billion. The company also has $25 billion in debt.