& cplSiteName &
Comments
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
kq4ym
50%
50%
kq4ym,
User Rank: Light Sabre
5/3/2016 | 10:49:03 AM
Re: I wonder if the SEC will have anything to say
Yes, it is a bit curious that communication among the entities was not handled better. Although, it's not clear that it was as confusing as may have been reported, jumping the gun before the regulators's approval must as been embarassing after it was reported.
brooks7
50%
50%
brooks7,
User Rank: Light Sabre
4/26/2016 | 1:30:30 PM
Re: I wonder if the SEC will have anything to say
Mari,

The aren't exactly acting and this would be a super gray (or grey) area of the law.  The companies are supposed to act independently before the deal actually closes via the shareholder vote.   Charter hasn't given anyone an order - they have provided information to what will become (if the vote passes) new employees.  

The theoretical problem happens if the vote fails.  A number of people will have quit by the time the deal closes.  That means that it will be difficult for TWC to execute its business and make people more like to vote to merge.

The people at Charter may have considered it a kindness.  A type of early severence.  You know your job is going away and so "head's up go get a new one".  Lots of G&A people will be facing the same challenge.

seven

 
mendyk
50%
50%
mendyk,
User Rank: Light Sabre
4/26/2016 | 11:47:10 AM
Re: I wonder if the SEC will have anything to say
From the outside, this looks poorly handled. I imagine it looks even worse from the inside for TWC employees. Anyone who's been involved on the short end of a corporate merger can empathize. The situation is bleaker when the acquirer is somewhat unsophisticated.
msilbey
50%
50%
msilbey,
User Rank: Blogger
4/26/2016 | 11:26:40 AM
Re: I wonder if the SEC will have anything to say
brooks7- I wonder this too, though it doesn't appear that Charter is worried about acting ahead of approval. 
brooks7
50%
50%
brooks7,
User Rank: Light Sabre
4/26/2016 | 11:14:45 AM
I wonder if the SEC will have anything to say
 

There are limits to how an acquirer can act before a deal closes.  Integration plans are supposed to be developed, but it could be argued that this doesn't allow TWC to act as an independent company.  People will leave critical positions based on the information and the vote still needs to happen and it can fail.

seven

 


Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 17, 2018, Chicago, Illinois
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
NFV Is Down but Not Out
Iain Morris, News Editor, 5/22/2018
Trump Denies ZTE Deal, Faces Senate Backlash
Dan Jones, Mobile Editor, 5/22/2018
What VeloCloud Cost VMware
Phil Harvey, US News Editor, 5/21/2018
5G in the USA: A Post-BCE Update
Dan Jones, Mobile Editor, 5/23/2018
Vanquished in Video, Verizon Admits OTT Defeat
Mari Silbey, Senior Editor, Cable/Video, 5/23/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed