By Liana B. Baker
(Reuters) - Charter Communications
The company said annual synergies would grow to $750 million over time. Charter said the combined company would have to take on $20.5 billion in new debt, or $72.16 per share, which would bring it to a leverage ratio of 4.8 times to five times.
Charter also said in its 30-age presentation that Charter would be able to accelerate Time Warner Cable's customer and cash-flow growth, increase its margins and roll out higher Internet speeds.
On Monday, Charter, the No. 4 cable operator, 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.
Time Warner Cable shares on Tuesday rose 3.1 percent to $136.48.
(Reporting by Liana B. Baker; Editing by Leslie Adler)