Charter Communications Proposes Merger With Time Warner - Quick Facts

(RTTNews) - Charter Communications (CHTR) announced that it has sent a letter to Time Warner Cable (TWC) proposing that the companies immediately engage in discussions to conclude a merger agreement to combine the companies.

Charter said it believes that, unlike substantially all other cable transactions over the last five years that were cash transactions, this transaction would be based on combining shareholder groups and allowing Time Warner Cable shareholders to participate at a substantial premium to Time Warner Cable's unaffected stock price as well as meaningful upside following completion.

Charter has made repeated overtures to Time Warner Cable on this topic for more than six months.