Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal

Dow Jones

2024/11/13

MW Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal

Charter Communications Inc. $(CHTR)$ announced Wednesday an all-stock agreement to buy Liberty Broadband Corp. $(LBRDK)$ $(LBRDA)$ (LBRDP), at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal, holders of each class of Liberty shares will receive 0.236 of a Charter share for every Liberty share they own. Based on Tuesday's closing prices, the exchange rate would equate to $92.51 a share, or a 5.2% discount to the Class C shares' closing price. Charter had previously proposed a 0.228 exchange rate, while Liberty had countered with a 0.29 exchange rate proposal. Liberty's principle assets consist of 45.6 million common shares of Charter's GCI, LLC subsidiary, which is Alaska's largest communications provider. After the deal closes, which is currently expected to occur on June 30, 2027, Charter expects to retire those shares and issue 34 million shares to Liberty shareholders. "Today's announced transaction will rationalize Liberty Broadband's trading discount and ultimately provide our shareholders with enhanced liquidity," said Liberty Chairman John Malone.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 13, 2024 08:52 ET (13:52 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2483883695"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2483883695\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2483883695?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-13 21:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483883695","market":"us","top_or_hot":-1,"title":"Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal\n</p>\n<p>\n     Charter Communications Inc. <a href=\"https://laohu8.com/S/CHTR\">$(CHTR)$</a> announced Wednesday an all-stock agreement to buy <a href=\"https://laohu8.com/S/LBRDP\">Liberty Broadband Corp</a>. <a href=\"https://laohu8.com/S/LBRDK\">$(LBRDK)$</a> <a href=\"https://laohu8.com/S/LBRDA\">$(LBRDA)$</a> (LBRDP), at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal, holders of each class of Liberty shares will receive 0.236 of a Charter share for every Liberty share they own. Based on Tuesday's closing prices, the exchange rate would equate to $92.51 a share, or a 5.2% discount to the Class C shares' closing price. Charter had previously proposed a 0.228 exchange rate, while Liberty had countered with a 0.29 exchange rate proposal. Liberty's principle assets consist of 45.6 million common shares of Charter's GCI, LLC subsidiary, which is Alaska's largest communications provider. After the deal closes, which is currently expected to occur on June 30, 2027, Charter expects to retire those shares and issue 34 million shares to Liberty shareholders. \"Today's announced transaction will rationalize Liberty Broadband's trading discount and ultimately provide our shareholders with enhanced liquidity,\" said Liberty Chairman John Malone. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 08:52 ET (13:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-13 21:52</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal\n</p>\n<p>\n     Charter Communications Inc. <a href=\"https://laohu8.com/S/CHTR\">$(CHTR)$</a> announced Wednesday an all-stock agreement to buy <a href=\"https://laohu8.com/S/LBRDP\">Liberty Broadband Corp</a>. <a href=\"https://laohu8.com/S/LBRDK\">$(LBRDK)$</a> <a href=\"https://laohu8.com/S/LBRDA\">$(LBRDA)$</a> (LBRDP), at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal, holders of each class of Liberty shares will receive 0.236 of a Charter share for every Liberty share they own. Based on Tuesday's closing prices, the exchange rate would equate to $92.51 a share, or a 5.2% discount to the Class C shares' closing price. Charter had previously proposed a 0.228 exchange rate, while Liberty had countered with a 0.29 exchange rate proposal. Liberty's principle assets consist of 45.6 million common shares of Charter's GCI, LLC subsidiary, which is Alaska's largest communications provider. After the deal closes, which is currently expected to occur on June 30, 2027, Charter expects to retire those shares and issue 34 million shares to Liberty shareholders. \"Today's announced transaction will rationalize Liberty Broadband's trading discount and ultimately provide our shareholders with enhanced liquidity,\" said Liberty Chairman John Malone. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 08:52 ET (13:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211331839.USD","symbol_name":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483883695","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483883695","pubTimestamp":1731505920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Charter Communications Inc.  announced Wednesday an all-stock agreement to buy Liberty Broadband Corp.   , at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal, holders of each class of Liberty shares will receive 0.236 of a Charter share for every Liberty share they own. Based on Tuesday's closing prices, the exchange rate would equate to $92.51 a share, or a 5.2% discount to the Class C shares' closing price. Charter had previously proposed a 0.228 exchange rate, while Liberty had countered with a 0.29 exchange rate proposal. Liberty's principle assets consist of 45.6 million common shares of Charter's GCI, LLC subsidiary, which is Alaska's largest communications provider. After the deal closes, which is currently expected to occur on June 30, 2027, Charter expects to retire those shares and issue 34 million shares to Liberty shareholders. \"Today's announced transaction will rationalize Liberty Broadband's trading discou","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LBRDB":"Liberty Broadband Corporation","LBRDA":"Liberty Broadband Corporation - Class A","BK4534":"瑞士信贷持仓","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","CHTR":"特许通讯","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4559":"巴菲特持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LBRDP":"Liberty Broadband Corp","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4588":"碎股","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LBRDK":"Liberty Broadband Corporation","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4100":"有线和卫星","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","BK4561":"索罗斯持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"translate_title":"Charter Communications宣布以高于之前提议的条款收购Liberty Broadband","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LBRDA":0.9,"LBRDK":0.9,"CHTR":1,"LBRDP":1,"LBRDB":0.9},"content_text":"MW Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal\n\n\n     Charter Communications Inc. $(CHTR)$ announced Wednesday an all-stock agreement to buy Liberty Broadband Corp. $(LBRDK)$ $(LBRDA)$ (LBRDP), at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal, holders of each class of Liberty shares will receive 0.236 of a Charter share for every Liberty share they own. Based on Tuesday's closing prices, the exchange rate would equate to $92.51 a share, or a 5.2% discount to the Class C shares' closing price. Charter had previously proposed a 0.228 exchange rate, while Liberty had countered with a 0.29 exchange rate proposal. Liberty's principle assets consist of 45.6 million common shares of Charter's GCI, LLC subsidiary, which is Alaska's largest communications provider. After the deal closes, which is currently expected to occur on June 30, 2027, Charter expects to retire those shares and issue 34 million shares to Liberty shareholders. \"Today's announced transaction will rationalize Liberty Broadband's trading discount and ultimately provide our shareholders with enhanced liquidity,\" said Liberty Chairman John Malone. \n\n\n     -Tomi Kilgore \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 08:52 ET (13:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}