Time Warner Cable Stockholders OK Deal With Charter

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Time Warner Cable said that its stockholders have approved the acquisition of the company by Charter Communications.

The company said 99% of the votes cast were in favor of the deal, which would be part of creating the second-largest U.S. cable operators.

Charter announced earlier on Monday that its stockholder also approved the transaction.

Closing of the deal awaits the completion of regulatory reviews.

“Today’s approval is an important milestone in our merger with Charter,” said Rob Marcus, CEO of Time Warner Cable in a statement. “The merger will maximize value for our stockholders while creating a company dedicated to delivering great customer experiences.”

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.