Charter names board nominees to Time Warner Cable, begins proxy battle

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/AGTf_58r8PCn4o1vcSBzTQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-11T151225Z_1_CBREA1A168S00_RTROPTP_2_TIMEWARNERCAB LE-RESULTS.JPG (http://news.yahoo.com/charter-names-board-nominees-time-warner-cable-begins-151225605--sector.html)Charter Communications Inc took its first step in its pursuit of Time Warner Cable Inc on Tuesday, preparing for a proxy fight by announcing a slate of 13 nominees to the larger cable operator's board. The nominations are Charter's latest move to try to acquire Time Warner Cable after its offer of $132.50 per share was rejected for being too low in mid-January. Charter has been considering whether to raise its offer to the low $140s, Reuters has previously reported, but did not make any mention of a higher offer on Tuesday. The nominees include Bruno Claude, a former president and CEO of Swiss cable company's Cablecom, Lisa Gersh, former president and CEO of Martha Stewart Living Omnimedia Inc;



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