Time Warner Cable Inc. (TWC) Investors Pushing for a Deal with First Century Fox Inc. (FOXA)

Time Warner Cable Inc. (NYSE:TWC) Investors might finally push for a deal that will see the company acquired by Twenty-First Century Fox Inc. (NASDAQ:FOXA) as the stock has in the recent trading sessions been surging in the markets. There waiting, on the other hand, might take some time after the company’s board of directors removed a provision for them to call a special meeting to discuss the same.

Time Warner Cable Inc (NYSE:TWC)

The company’s board of directors is reportedly not interested in any form of deal that involves Rupert Murdoch’s Fox, according to Bloomberg’s Jon Erlichman.

“It is not every day that a company that has a friendly shareholder provision in its document would yank that away but that’s essentially what Time Warner is doing. By saying okay: “our board has decided that shareholders are not going to be able to call a special meeting for a period of time.” What they said is they want to reinstate this in time for 2015 annual meeting,” said Mr. Erlichman.

The board maintains that the shareholders will have to wait until 2015 in order to have their provision of holding a meeting reinstated. Erlichman believes that the Time Warner board is trying to make it extremely difficult for Fox to go through with its $75 billion takeover plan. Jeff Bewkes has already reiterated that Time Warner Cable Inc. (NYSE:TWC) is better off without Fox clearly showing it will be a battle, if any deal is to be agreed.

“When we saw Jeff Bewkes react to the Fox offer it is not as if he said this offer undervalues our company, he said we are not interested in doing a deal with Fox,” said Mr. Erlichman.

Jeff Bewkes belief that Time Warner Cable Inc. (NYSE:TWC) does not need Fox could be valid in the sense that since he took office, the company has returned nearly 114% to shareholders compared to Murdoch’s Fox 90%. Time Warner might have outpaced Fox through the showering of shareholders with dividend payments as well as producing more value through spin-offs.

Even with all the good things that have been going well for Time Warner Cable Inc. (NYSE:TWC), Bewkes will need to instill confidence to the investors that the company’s ability to expand its sales, outweighs the cost benefits that do come with a potential merger with Fox.


Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!