Al Dandridge Quoted Regarding Comcast- Time Warner Deal
On February 19, 2014 by Schnader in NewsThe Philadelphia Business Journal‘s February 19, 2014, article “Comcast-TWC deal could face obstacles with FCC” delved into possible Federal regulatory issues that Comcast may face in its proposed $45.2 billion acquisition of Time Warner Cable. The two are the largest cable operators in the United States.
Albert S. Dandridge, III, chair of the Schnader’s Securities Practice Group, suggested in the article that Comcast’s experience with their NBCUniversal deal has likely prepared it for the challenges it will face with securities regulators.
“It’s going to be a merger voted on by shareholders. It’s fairly straight-forward,” Mr. Dandridge said. “I wouldn’t say it’s clear sailing, but from the looks of it, Comcast has taken a sophisticated approach. I can’t envision there’d be a show-stopper.”
The deal requires approval or review from Time Warner Cable shareholders, the Federal Communications Commission, the U.S. Department of Justice and/or the FTC, and the Securities and Exchange Commission.