Charter Communications by the middle of February could increase its offer for Time Warner Cable from $132.50 a share to more than $140 a share, sources said. The latter figure is thought to be the minimum for Charter to win the backing of Time Warner Cable's shareholders for its takeover, UBS analyst John Hodulik said. The new bid could be timed to coincide with Charter's nomination of its own group of candidates for Time Warner Cable's board.

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