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Thursday, January 23, 2014

Time Warner Cable should talk to Charter, T. Rowe says, (NASDAQ: CHTR), (NYSE: TWC), (NYSE: TWX)

A Time Warner Cable Inc investor that also has a large stake in would-be predator Charter Communications Inc is urging Time Warner Cable to talk to its smaller rival, after weeks of Charter's aggressive campaign to win over investors.T. Rowe Price Group, Charter's third-largest shareholder with a stake of more than 5 percent, this week wrote to Time Warner Cable, urging the No.2 cable company to have talks with Charter about a possible deal, according to people familiar with the matter.With the letter, Charter, which has been on a roadshow meeting with Time Warner Cable shareholders for the past two weeks, may be seeing the first fruits of its campaign to rally investors to support its $37.3 billion offer. Time Warner has insisted the Jan. 13 bid was inadequate."Charter has asked Time Warner Cable shareholders to approach Time Warner Cable management and board. This letter is consistent with that," said ISI analyst Vijay Jayant.

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 fell by 1.14% or $-1.54/share to $133.46. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 917353 shares of CHTR exchange hands on a given day and today's volume is recorded at 721394.

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 fell by 0.24% or $-0.33/share to $134.55. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2760400 shares of TWC exchange hands on a given day and today's volume is recorded at 2704027.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.7% or $-1.12/share to $64.64. In the past year, the shares have traded as low as $49.50 and as high as $70.77. On average, 4466590 shares of TWX exchange hands on a given day and today's volume is recorded at 6642469.



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