Charter touts benefits of offer for Time Warner Cable
(Reuters) - Charter Communications expects annual synergies of $500 million and other benefits such as tax savings from its proposed acquisition of Time Warner Cable, the company said in an investor presentation posted on its website Tuesday. The No. 4 cable operator is trying to strike a deal to buy Time Warner Cable and sway its shareholders after three of its offers have been rebuffed. On Monday, Charter took its approach public and proposed paying $132.50 per share, consisting of around $83 per share in cash and its own stock, in a deal valued at $37.3 billion that Time Warner Cable's board rejected.