Posts Tagged: securities

Comcast-Time Warner merger: Dramatic impact on California

Comcast company trucks await assignments. (Photo: Associated Press, Gene Puskar)

by CONNOR GRUBAUGH posted 07.03.2014

A national merger between communications giants Comcast Corp. and Time Warner Cable could lead to an unprecedented consolidation of California cable and broadband markets. The pending $45 billion merger would grant Comcast — already the state’s No. 1 cable provider — a greater share of the California market, stretching from northern California and San Francisco Bay area and Sacramento region, down the Central Valley through the Los Angeles basin, east to the Nevada and Arizona lines and southeast to the Mexico border.

What if a corporation raised $500 million in a securities offering on the premise that the proceeds would go for operating expenses, then disclosed a few months later that $300 million of this amount would instead be used to service a debt that wasn’t disclosed in the offering document?

This would be false advertising,