secwatch.observer — SEC 8-K summary
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Issuer:     CHARTER COMMUNICATIONS, INC. /MO/ (CHTR)
CIK:        0001091667
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001140361-24-046322
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charter to acquire Liberty Broadband in stock deal; 0.236 Charter shares per LBRD share
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- Each Liberty Broadband common share converts into 0.236 Charter shares; preferred stock converts into Charter preferred with $180M redemption value.
- Post-close, Liberty Broadband common holders will own ~23% of Charter common; total voting power ~24.2%.
- Closing conditions include approvals by both sets of stockholders (including majority of unaffiliated) and HSR clearance.
- Termination fee of $460M payable by either party under specified circumstances; outside date August 31, 2027.
- Liberty Broadband must spin-off GCI before closing; Charter bears tax liabilities above $420M under tax receivable agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1091667/000114036124046322/0001140361-24-046322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1091667/000114036124046322/ny20038391x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-046322

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