TWC Stockholders Give Nod to Charter Merger
NEW YORK -- Time Warner Cable (NYSE:TWC) today announced that its stockholders have overwhelmingly approved its merger with Charter Communications, with more than 99 percent of votes cast in favor of the deal.
Rob Marcus, TWC Chairman and CEO, said, “Today’s approval is an important milestone in our merger with Charter. The merger will maximize value for our stockholders while creating a company dedicated to delivering great customer experiences.”
Charter announced earlier today that its stockholders also approved the transaction.
TWC and Charter entered into an agreement on May 23, 2015, providing for TWC to merge with Charter. The closing of the transaction is subject to regulatory review and other customary conditions.
Time Warner Cable Inc. (NYSE: TWC)