Time Warner Cable rejects rival’s offer

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NEW YORK — Cable TV operator Charter Communications intensified its pursuit of the much larger Time Warner Cable and vowed Monday to bring an offer directly to shareholders if needed after getting rebuffed by Time Warner’s management.

Time Warner Cable called the move ‘‘a nonstarter.’’

There have been months of speculation over a cable company buying Time Warner Cable, the nation’s number two cable TV provider behind Comcast Corp. Monday’s pronouncement by Charter represents its most public overture yet, even as financial terms haven’t changed significantly. Although there is no formal proposal on the table, Charter said it is willing to make a cash-and-stock offer that could be worth up to $38 billion.

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