NEW YORK--(BUSINESS WIRE)--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.
About Time Warner Cable
Time Warner Cable Inc. (NYSE:TWC) is among the largest providers of video, high-speed data and voice services in the United States, connecting 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and enterprise-class, cloud-enabled hosting, managed applications and services. Time Warner Cable Media, the advertising sales arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.twc.com, www.twcbc.com and www.twcmedia.com.
