Time Warner Cable has picked a busy time to name a new head of mergers and acquisitions amid speculation that other carriers are preparing a bid for the second-largest US cable company.
Christian Lee, currently vice president of investments, will replace Senior Vice President Satish Adige, who is retiring after 28 years at the company, according to a statement today. Lee takes over the post on December 31st.
The smaller Charter Communications is putting together a bid to acquire the company, according to people familiar with the matter. Comcast and Cox Communications also have considered making takeover offers.
Time Warner Cable shares have risen 35 per cent this year on speculation that takeover bids are coming.