Law Firm Brower Piven Announces Investigation of Time Warner Cable Inc. Proposed Merger
STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Time Warner Cable Inc. (“Time Warner Cable” or the “Company”) (NYSE: TWC) and other violations of state law by the board of directors of Time Warner Cable relating to the proposed merger of the Company with Comcast Corporation (NASDAQ: CMCSA, CMCSK). The firm’s investigation seeks to determine, among other things, whether the board of directors of Time Warner Cable breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed merger, Time Warner Cable shareholders will receive 2.875 shares of CMCSA for each share of Time Warner Cable common stock they own, with a value of approximately $158.82 per Time Warner Cable share based on the last closing price of Comcast shares. According to Yahoo! Finance, at least one analyst following Time Warner Cable has set a target price of $165.00 per share.
If you currently own common stock of Time Warner Cable and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at email@example.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.