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Report: Charter Plans Hostile Takeover Move For Time Warner Cable

Charter Communications will begin "one of the biggest recent hostile takeover bids" next week when it nominates "a full slate of candidates for Time Warner Cable Inc.'s 13-member board," according to plans divulged by anonymous sources cited by Wall Street Journal reporters. "Charter, the fourth largest cable operator by subscribers, has been attempting to bring Time Warner Cable, the second biggest cable company, to the negotiating table for a merger deal since late last spring." All three of Charter's offers have been rejected.

Read the whole story at The Wall Street Journal »

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