|[January 13, 2014]
TIME WARNER CABLE INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout Proposal
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of Time Warner (News - Alert) Cable Inc. (NYSE: TWC)?
Did you purchase any of your shares prior to January 13, 2014?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Time Warner Cable Inc. ("Time
Warner" or the "Company") (NYSE: TWC)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's receipt of a proposal to be acquired by
Charter Communications (News - Alert), Inc. ("Charter) (NASDAQ GS: CHTR),
in a transaction valued at approximately $61 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/time-warner-cable-inc-twc-proposal.
Under the terms of the proposal, public shareholders of Time Warner
would receive $132.50 per share, $83.00 in cash and about $49.50 in
Charter stock for each share of Time Warner they own.
The investigation concerns the Time Warner's board of directors' process
for consideration of the proposed transaction, whether the Company is
acting in its shareholders' best interests and whether the proposed
consideration to be paid to Time Warner's shareholders would be fair and
adequate. According to Yahoo! Finance, at least one analyst has issued a
price target for Time Warner stock at $165.00 per share.
If you own the common stock of Time Warner and purchased your shares
before January 13, 2014, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or have
any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina
M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail
to email@example.com, or at: http://www.rigrodskylong.com/investigations/time-warner-cable-inc-twc-proposal.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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