M&A
confidence high
sentiment neutral
materiality 0.70
Charter files pro forma for Liberty Broadband merger; net decrease of ~11.5M shares, close expected June 2027
CHARTER COMMUNICATIONS, INC. /MO/
- Pro forma net income for 9mo 2024: $3,501M (vs Charter standalone $3,617M); basic EPS $26.46 vs $25.23.
- Pro forma net income for FY 2023: $4,407M (vs $4,557M); basic EPS $32.15 vs $30.54.
- Exchange ratio: 0.236 Charter shares per Liberty Broadband share; ~34M new shares issued.
- Liberty Broadband debt of $2.6B to be repaid/assumed; preferred stock $180M converted to Charter preferred.
- Closing expected June 30, 2027, subject to GCI spin-off and other conditions.