Time Warner Cable Inc (NYSE:TWC) rejected an acquisition offer from Charter Communications, Inc. (NASDAQ:CHTR), saying the $62 billion offer grossly undervalues the company. Time Warner Cable Inc (NYSE:TWC) CEO Rob Marcus called the $132.50-a-share bid a ‘low-ball offer’. Charter’s offer for Time Warner Cable As reported earlier, Charter Communications, Inc. (NASDAQ:CHTR) has been pursuing a takeover bid for Time Warner Cable Inc (NYSE:TWC). John Malone, chairman of Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) initiated a deal between Charter and Time Warner Cable. Malone aims to regain his status and shake up the cable industry as Cable King. Liberty Media owns a 27% stake in Charter…
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