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Charter’s Allen receives informal inquiries from potential investors

Wed, 03/12/2008 - 9:33am
Traci Patterson

According to filings with the Securities and Exchange Commission (SEC), Charter Communications’ controlling shareholder, Paul G. Allen, “has received informal inquiries from various parties regarding potential investments or transactions involving the Company.”

Charter has provided a limited number of the potential investors – which, according to analysts, could include competitors Comcast and Time Warner Cable – with certain material non-public information under nondisclosure agreements.

Charter said in the filing that it does not intend to comment further on the matter unless it deems such communication appropriate.

Yesterday, Charter announced that its EVP and CFO, Jeffrey T. Fisher, will resign from the company, effective April 4 (story here).

Also yesterday, the third-largest MSO said its subsidiary, Charter Operating, is selling an aggregate of $500 million principal amount of second-lien notes; the subsidiary also plans to borrow up to $275 million principal amount of incremental term loans under the Charter Operating credit facilities.

More Broadband Direct:

• Nielsen, Charter sign deal for STB data 

• Charter’s Allen receives informal inquiries from potential investors 

• Time Warner execs hold fire on TWC and AOL 

• Motorola puts cash into Invidi 

• TiVo connects with YouTube for videos on TV 

• Tiscali UK, PCCW deploy Harmonic encoders 

• Nortel debuts 40G/100G system 

• Broadband Briefs for 3/12/08

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