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Tuesday, January 14, 2014

REFILE-Charter touts benefits of Time Warner Cable deal, (NASDAQ: CHTR), (NYSE: TWC), (NYSE: TWX)

Charter Communications sees annual synergies of $500 million and other benefits such as tax savings from its proposed acquisition of Time Warner Cable , the company said in an investor presentation posted on its website Tuesday.The company said annual synergies would grow to $750 million over time. Charter said the combined company would have to take on $20.5 billion in new debt, or $72.16 per share, which would bring it to a leverage ratio of 4.8 times to five times.Charter also said in its 30-page presentation that Charter would be able to accelerate Time Warner Cable's customer and cash-flow growth, increase its margins and roll out higher Internet speeds.On Monday, Charter, the No. 4 cable operator, proposed paying $132.50 per share, consisting of around $83 per share in cash and its own stock, in a deal valued at $37.3 billion.

Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR traded higher by 2.41% or $3.24/share to $137.46. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 835381 shares of CHTR exchange hands on a given day and today's volume is recorded at 1235352.

Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 2.93% or $3.88/share to $136.28. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2528440 shares of TWC exchange hands on a given day and today's volume is recorded at 6688548.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.06% or $-0.04/share to $65.43. In the past year, the shares have traded as low as $48.84 and as high as $70.77. On average, 4284900 shares of TWX exchange hands on a given day and today's volume is recorded at 3110592.



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