2 weeks Ago By Defense World Staff
Charter Communications, Inc. (NASDAQ: CHTR) and Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) have officially announced a significant agreement today. According to the terms of the deal, Charter will be acquiring Liberty Broadband in an all-stock transaction.
Under the terms of the agreement, holders of Liberty Broadband Series A, Series B, and Series C common stocks will receive 0.236 shares of Charter common stock per share of Liberty Broadband common stock owned, with cash being issued for fractional shares. Additionally, holders of Liberty Broadband Series A cumulative redeemable preferred stock will receive one share of Charter cumulative redeemable preferred stock per Liberty Broadband preferred stock owned, mirroring the terms of the Liberty Broadband preferred stock.
The completion of the transaction is foreseen to reduce Liberty Broadband This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Charter Communications’s 8K filing here . About Charter Communications ( Get Free Report ) Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States.
The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services. Recommended Stories Five stocks we like better than Charter Communications How to Plot Fibonacci Price Inflection Levels SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why Biggest Stock Losers – Today’s Biggest Percentage Decliners Celsius Holdings: Big Drop, Big Opportunity? Analysts Say Yes Overbought Stocks Explained: Should You Trade Them? Is Palantir’s AI Edge Enough to Justify Its Price?.
