Time Warner Cable shareholders approve deal with Charter

September 21, 2015 4:13 PM

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Time Warner Cable shareholders approve deal with Charter

Time Warner Cable Inc's shareholders approved the company's $56 billion takeover by Charter Communications Inc, according to preliminary votes at a special shareholder meeting.

Charter said in May that it would buy Time Warner Cable in a cash-and-stock deal that would make Charter the No. 2 U.S. Internet and cable company after Comcast Corp.

Also read: Carrier to hike prices on furnaces and air conditioners

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