Judge Changes Schedule Re Hearing On Possible Business Merger
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Mergers & Acquisitions on Thursday, February 18, 2016.
California business owners may face legal challenges regarding any number of aspects related to contracts and agreements with other business entities. A possible business merger or acquisition may be postponed when complications arise or the Federal Communications Commission requires a review of the situation. When millions of dollars are at stake, it is advisable to seek experienced guidance from an attorney to help resolve any issues.
Recently, a judge in California granted the request of Charter Communications, Inc. to forgo a hearing that was initially scheduled to take place in February. Charter representatives said they are thrilled with the decision because a ruling can now be rendered before the originally projected date in June. The situation involves a potential $55.1 billion merger between Charter Communications, Inc. and Time Warner Cable.
A Charter spokesperson said that waiting until June would cause significant financial hardship to the company. The company also stated that if it can buy Time Warner Cable, its services would then become available to more than six million California households. The Charter CEO said that the company's bid has already been approved in New York and that the company is awaiting similar approval in several other states.
Federal reviews, negotiations and a wide variety of other issues can have significant effects on a potential business merger. Understandably, the best interests of the company must be protected when entering a new contract or acquiring additional assets. The probability of accomplishing legal goals and obtaining a favorable outcome are typically increased by acting alongside the guidance of a seasoned business and commercial law attorney.
Source: bloomberg.com, "Charter Wins Request That Could Speed California Deal Review", Todd Shields, Feb. 11, 2016