NEW YORK (AP) — Time Warner Cable Inc. laid out a three-year plan for boosting revenue Thursday as it sought to offer investors an alternative to a takeover bid from smaller rival Charter Communications Inc.
Earlier this month, Charter said it would bring a cash-and-stock offer directly to Time Warner Cable shareholders, after getting rebuffed by the company’s management, of about $38 billion, or about $132.50 per share. The combined entity would benefit from cost savings and what Charter has said is a superior management team.
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