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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Charter makes formal offer for Time Warner Cable

 

Melanie Hicken


NEW YORK (CNNMoney) -- After months of overtures, Time Warner Cable has formally received a merger offer from one of its main rivals.

Charter Communications on Monday said it sent a letter formalizing a previous discussion to offer around $130 a share, including approximately $83 per share in cash, to merge with Time Warner Cable.

The bid for Time Warner Cable, the country's second largest cable company with more than 11 million subscribers, was first reported by Bloomberg.

Time Warner Cable could not be immediately reached for comment.

Charter, the fourth largest cable provider with just over 4 million subscribers, said it has made repeated overtures for more than six months, but that "Time Warner Cable chose not to engage or find out more."

That changed in December, when executives from both firms met to discuss Charter's plan. But after the meeting, Time Warner Cable returned with "an unrealistic price expectation," Charter said Monday.

Sources said in November that Time Warner Cable had reached out to Comcast for a possible deal.

Charter now says it is going to the company's shareholders directly with its offer.

"We believe that time is of the essence to prepare our companies to meet the challenges of the industry, which is why we have decided to announce the status of our discussions to date with both sets of shareholders," Charter President and Chief Executive Officer Thomas Rutledge wrote in the letter.

Shares of both Charter and Time Warner Cable shares rose slightly in after-hours trading after news of the proposed deal broke. Charter shares are up more than 70% from a year ago, while Time Warner Cable shares are up by more than 30%.

 

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