M&A
confidence high
sentiment neutral
materiality 1.00
Liberty Broadband completes merger with Charter; stock converts at 0.236 per share
Liberty Broadband Corp
- Each LBRDA/LBRDB/LBRDK share converted into 0.236 Charter Class A share; LBRDP into Charter preferred.
- $919M margin loan repaid on Aug 20; $359.1M Charter loan discharged in full.
- Liberty Broadband delisted from Nasdaq; Form 25 and Form 15 filed to deregister.
- Directors resigned; Jessica Fischer, Jamal Haughton, Jeff Murphy appointed as new directors.
- Liberty Broadband now an indirect wholly owned subsidiary of Charter.