Shareholder sues to stop cable-TV sale | Bangkok Post: news

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Shareholder sues to stop cable-TV sale

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NEW YORK — A Time Warner Cable Inc shareholder sued to block Comcast Corp's proposed $45.2-billion takeover, saying the merger of the two biggest US cable TV companies faces high regulatory hurdles and was the result of unfair dealing. 

The goal of the lawsuit is to stop the "sale of the company at an unfair price through an unfair and self-serving process to Comcast", investor Breffni Barrett said in a complaint filed on Friday in New York State Supreme Court in Manhattan. Mr Barrett is seeking to sue on behalf of Time Warner Cable shareholders.

In this combination of file photos, a coaxial cable is displayed in front of the Comcast Corp logo in Philadelphia and a Time Warner Cable truck is parked in New York. (Photo by AP)

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