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based on shares outstanding. Time Warner Cable’s board swiftly rejected that bid as “grossly inadequate” and said it was open to a sale at $1

RPT-UPDATE 1-Time Warner Cable investors seen backing Charter deal at
Reuters
Charter on Monday formally offered to buy Time Warner Cable for $132.50 a share, or $37.3 billion, based on shares outstanding. Time Warner Cable’s board swiftly rejected that bid as "grossly inadequate" and said it was open to a sale at $160 per share.

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REFILE-UPDATE 2-Time Warner Cable investors would back higher Charter
Reuters
Charter on Monday formally offered to buy Time Warner Cable for $132.50 a share, or $37.3 billion, based on shares outstanding. Time Warner Cable’s board swiftly rejected that bid as "grossly inadequate" and said it was open to a sale at $160 per share.

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Guardian Liberty Voice

Time Warner Cable investors would back higher Charter deal: sources
Reuters
Charter on Monday formally offered to buy Time Warner Cable for $132.50 a share, or $37.3 billion, based on shares outstanding. Time Warner Cable’s board swiftly rejected that bid as "grossly inadequate" and said it was open to a sale at $160 per share.
‘Grossly Inadequate’: The Charter-Time Warner Cable Merger Battle Turns Nasty
Exclusive: Charter, Comcast in renewed talks on Time Warner Cable bid
Time Warner Cable’s Reasons for Holding Out

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