STAMFORD, Conn., Jan. 21, 2014 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) today announced that it has
posted a follow-on investor presentation regarding its proposed
combination with Time Warner Cable, to its investor relations
website.
(Logo: http://photos.prnewswire.com/prnh/20110526/AQ10195LOGO)
The document, which can be accessed by selecting "Investor &
News Center" from the lower menu of the charter.com home page,
highlights recent developments and responds to assertions made in
the presentation that Time Warner Cable released on January 15.
About Charter
Charter (NASDAQ: CHTR) is a leading
broadband communications company and the fourth-largest cable
operator in the United States.
Charter provides a full range of advanced broadband services,
including advanced Charter TV® video entertainment programming,
Charter Internet® access, and Charter Phone®. Charter Business®
similarly provides scalable, tailored, and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, business
telephone, video and music entertainment services, and wireless
backhaul. Charter's advertising sales and production services are
sold under the Charter Media® brand. More information about Charter
can be found at charter.com.
ADDITIONAL INFORMATION
This communication does not constitute an offer to buy or
solicitation of an offer to sell any securities. This
communication relates to a business combination transaction with
Time Warner Cable Inc. ("TWC") proposed by Charter Communications,
Inc. ("Charter"), which may become the subject of a registration
statement filed with the U.S. Securities and Exchange Commission
("SEC"). This material is not a substitute for the proxy
statement/prospectus Charter would file with the SEC regarding the
proposed transaction if a negotiated transaction is agreed or for
any other document which Charter may file with the SEC and send to
Charter's or TWC's stockholders in connection with the proposed
transaction. INVESTORS AND SECURITY HOLDERS OF CHARTER AND
TWC ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. Investors and security
holders will be able to obtain free copies of these documents (if
and when available) and other documents filed with the SEC by
Charter through the web site maintained by the SEC at
http://www.sec.gov.
No tender or exchange offer for the shares of TWC has commenced
at this time. In connection with the proposed transaction,
Charter may file tender or exchange offer documents with the SEC.
Any definitive tender or exchange offer documents will be
mailed to stockholders of TWC. INVESTORS AND SECURITY HOLDERS
OF TWC ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE
SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and security holders will be able to
obtain free copies of these documents (if and when available) and
other documents filed with the SEC by Charter through the web site
maintained by the SEC at http://www.sec.gov.
In connection with the proposed transaction, Charter may file a
proxy statement with the SEC. Any definitive proxy statement
will be mailed to stockholders of TWC. INVESTORS AND SECURITY
HOLDERS OF TWC ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED
WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and security holders will be able to
obtain free copies of these documents (if and when available) and
other documents filed with the SEC by Charter through the web site
maintained by the SEC at http://www.sec.gov.
CERTAIN INFORMATION REGARDING PARTICIPANTS
Charter and certain of its respective directors and executive
officers may be deemed to be participants in any solicitation with
respect to the proposed transaction under the rules of the
SEC. Security holders may obtain information regarding the
names, affiliations and interests of Charter's directors and
executive officers in Charter's Annual Report on Form 10-K for the
year ended December 31, 2012, which
was filed with the SEC on February 22,
2013, and its proxy statement for the 2013 Annual Meeting,
which was filed with the SEC on March
21, 2013. These documents can be obtained free of
charge from the sources indicated above. Additional
information regarding the interests of these participants in the
proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will also be included
in any proxy statement and other relevant materials to be filed
with the SEC when they become available.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the "Securities Act"), and Section 21E of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), regarding, among
other things, our plans, strategies and prospects, both business
and financial. Although we believe that our plans, intentions
and expectations reflected in or suggested by these forward-looking
statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions including, without limitation, the
factors described under "Risk Factors" from time to time in our
filings with the SEC. Many of the forward-looking statements
contained in this release may be identified by the use of
forward-looking words such as "believe", "expect", "anticipate",
"should", "planned", "will", "may", "intend", "estimated", "aim",
"on track", "target", "opportunity", "tentative", "positioning",
"designed", "create", "predict", "project", "seek", "would",
"could", "potential", "continue", "ongoing", "upside", "increases"
and "potential", among others. Important factors that could
cause actual results to differ materially from the forward-looking
statements we make in this release are set forth in other reports
or documents that we file from time to time with the SEC, and
include, but are not limited to:
- the ultimate outcome of any possible transaction between
Charter and TWC including the possibility that Charter will not
pursue a transaction with TWC;
- if a transaction between Charter and TWC were to occur, the
ultimate outcome and results of integrating the operations of TWC
and Charter, the ultimate outcome of Charter's pricing and
packaging and operating strategy applied to TWC and the ultimate
ability to realize synergies at the levels currently expected;
- our ability to sustain and grow revenues and cash flow from
operations by offering video, Internet, telephone, advertising and
other services to residential and commercial customers, to
adequately meet the customer experience demands in our markets and
to maintain and grow our customer base, particularly in the face of
increasingly aggressive competition, the need for innovation and
the related capital expenditures and the difficult economic
conditions in the United
States;
- the impact of competition from other market participants,
including but not limited to incumbent telephone companies, direct
broadcast satellite operators, wireless broadband and telephone
providers, digital subscriber line ("DSL") providers, and video
provided over the Internet;
- general business conditions, economic uncertainty or downturn,
high unemployment levels and the level of activity in the housing
sector;
- our ability to obtain programming at reasonable prices or to
raise prices to offset, in whole or in part, the effects of higher
programming costs (including retransmission consents);
- the development and deployment of new products and
technologies;
- the effects of governmental regulation on our business or
potential business combination transaction;
- the availability and access, in general, of funds to meet our
debt obligations prior to or when they become due and to fund our
operations and necessary capital expenditures, either through (i)
cash on hand, (ii) free cash flow, or (iii) access to the capital
or credit markets; and
- our ability to comply with all covenants in our indentures and
credit facilities any violation of which, if not cured in a timely
manner, could trigger a default of our other obligations under
cross-default provisions.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by
this cautionary statement. We are under no duty or obligation
to update any of the forward-looking statements after the date of
this release.
SOURCE Charter Communications, Inc.