NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky commenced an investigation the Board of Directors of Time Warner Cable (“TWC” or “the Company”) (NYSE:TWC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Comcast Corporation (“Comcast”) (NasdaqGS: CMCSA).
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Under the terms of the transaction, TWC shareholders will receive 2.875 shares of Comcast common stock for each share of TWC common stock they own, representing an approximate value of $158.82 per share. The transaction has a total approximate value of $45.2 billion. The investigation concerns whether the TWC Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Comcast is underpaying for TWC shares.
If you own TWC common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/time-warner-cable-twc.
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