SEC Filings

S-4
TIME WARNER INC. filed this Form S-4 on 02/11/2000
Entire Document
 
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        To the stockholders of America Online, Inc. and Time Warner Inc.
 
                 A MERGER PROPOSAL--YOUR VOTE IS VERY IMPORTANT
 
   America Online and Time Warner have agreed to combine in a merger of equals.
The new corporation will be named AOL Time Warner Inc. We are proposing the
merger because we believe the combined strengths of our two companies will
enable us to build the world's preeminent, fully integrated media and
communications company. We believe that the merger will benefit the
stockholders of both companies and we ask for your support in voting for the
merger proposals at our special meetings.
 
   When the merger is completed:
 
  .  America Online common stockholders will receive one share of AOL Time
     Warner common stock for each share they own;
 
  .  Time Warner common stockholders will receive 1.5 shares of AOL Time
     Warner common stock for each share they own;
 
  .  Time Warner series LMCN-V common stockholders will receive 1.5 shares of
     substantially identical AOL Time Warner series LMCN-V common stock for
     each share they own; and
 
  .  Time Warner preferred stockholders will receive one share of a
     corresponding series of substantially identical AOL Time Warner
     preferred stock for each share of each series of Time Warner preferred
     stock they own, with appropriate adjustment to the voting rights and
     conversion ratio for each series.
 
   AOL Time Warner intends to apply to list its common stock on the New York
Stock Exchange under the symbol "AOL."
 
   The boards of directors of both America Online and Time Warner have approved
the merger and recommend that their respective stockholders vote FOR the merger
proposals as described in the attached materials. Information about the merger
is contained in this joint proxy statement-prospectus. We urge you to read this
material, including the section describing risk factors relating to the merger
that begins on page 23.
 
   The dates, times and places of the meetings are as follows:
 
For America Online stockholders:             For Time Warner stockholders:
 
   Your vote is very important, regardless of the number of shares you own.
Please vote as soon as possible to make sure that your shares are represented
at the meeting. To vote your shares, you may complete and return the enclosed
proxy card or voting instructions or you may be able to submit your proxy or
voting instructions by telephone or the Internet. If you are a holder of
record, you may also cast your vote in person at the special meeting. If your
shares are held in an account at a brokerage firm or bank, you must instruct
them on how to vote your shares. If you do not vote or do not instruct your
broker or bank how to vote, it will have the same effect as voting against the
merger.