Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A.
- Do you own shares of Time Warner Cable Inc. (NYSE: TWC )?
- Did you purchase any of your shares prior to February 13, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
announces that it is investigating potential legal claims against the board of directors of Time Warner Cable Inc. (“Time Warner” or the “Company”) (NYSE:
) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Comcast Corporation (“Comcast”) (NASDAQ GS:
), in a transaction valued at approximately $45.2 billion.
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Under the terms of the proposal, public shareholders of Time Warner will receive 2.875 shares of Comcast common stock for each share of Time Warner they own. Based on Comcast’s closing stock price on February 12, 2014, Time Warner shareholders would have received consideration valued at approximately $158.82 per share.
The investigation concerns whether Time Warner’s board of directors failed to adequately shop the Company and obtain the best possible value for Time Warner’s shareholders before entering into an agreement with Comcast. 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 February 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., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to
, or at:
Rigrodsky & 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.