Comcast Shareholders Vote 99 Percent in Favor of Stock Issuance Attached to Time Warner Cable Merger

More than 99 percent of Comcast shareholders voted to support a company proposal that continues the march towards a merger with Time Warner Cable. The shareholders supported Comcast’s proposal to issue 2.875 shares of Comcast Class A common stock for every one share of Time Warner Cable common stock. Of course, this doesn't mean that the merger is a done deal. Time Warner Cable shareholders will vote on similar merger terms on Oct 9, and the merger will then be subject to several FCC regulatory approvals and customary conditions.