M&A
confidence high
sentiment positive
materiality 0.75
Liberty Broadband counters Charter with all-stock merger at 0.2900 ratio, closing by June 2027
Liberty Broadband Corp
- Liberty Broadband submits counterproposal to Charter Special Committee for an all-stock, tax-free combination.
- Exchange ratio: 0.2900 Charter Class A common (CHTR) per Liberty Broadband common share.
- Proposed closing date of June 30, 2027; Charter would assume or refinance Liberty Broadband's debt and preferred stock.
- Transaction requires approval by Liberty Broadband stockholders and unaffiliated stockholders (excl. John Malone and affiliates).
- GCI, Liberty Broadband's Alaska connectivity platform, would be acquired by Charter, with significant future value creation.