Updated Jan. 14, 2014 at 7:06 a.m.

Premium Lock Time Warner Cable rejects 'low-ball' $61B buyout offer

Published: 2014-01-13 17:54:00
Updated: 2014-01-14 07:06:32

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Time Warner Cable worker checks WiFi Morris Hibbitt, a field technician for Time Warner Cable Inc., cleans and checks the connection for a WiFi hotspot using a bucket truck in Manhattan Beach, California, U.S., on Monday, Aug. 12, 2013. Time Warner Cable Inc. said it's talking with CBS Corp., after a breakdown in negotiations led the cable provider to block its customers from seeing the network. Image 1 of 2 · Next Image…

Time Warner Cable CEO Rob Marcus called the $132.50-a-share bid a "low-ball offer" in an interview. The proposal included about $83 cash per share and about $49.50 in stock, according to Charter. Excluding debt, the deal would be worth about $37.3 billion....

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