- Time Warner Cable (TWC) shareholder Breffni Barrett has sued to block the company's $45.2B sale to Comcast (CMCSA), saying the price is unfair and anyway faces high regulatory obstacles.
- Barrett wants to sue on behalf of Time Warner's shareholders.
- "It has been reported that Time Warner failed to engage in good faith negotiations," Barrett said. The sales process was "woefully deficient," Barrett's lawyers said, while Comcast's offer doesn't take into account Time Warner's "positive momentum going forward."
From other sites
Video at CNBC.com (May 26, 2015)
at CNBC.com (May 26, 2015)
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at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 14, 2015)
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