Liberty Broadband-Charter deal will simplify structure, clean up complexity - analysts [Seeking Alpha]
Liberty Broadband Corporation - Class A (LBRDA)
Last liberty broadband corporation - class a earnings: 2/8 04:44 pm
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US:NASDAQ Investor Relations:
ir.libertybroadband.com/stockquote.cfm
Company Research
Source: Seeking Alpha
The company said under the new merger terms, Liberty Broadband common stock holders would receive 0.2900 of Charter Class A common stock in exchange for each share of Liberty Broadband common stock, which now includes GCI. Charter had initially sent Liberty an offer to buy out the non-GCI portion of Liberty Broadband for 0.228 shares of Charter for every share of Liberty Broadband. Analysts at Barclays think the deal is likely about simplifying the holding structure of the company, from Charter's point of view. They said Charter's initial proposal seems to have implied a roughly 10-12% discount to Liberty's intrinsic value of its Charter holding. Liberty's counter, on the other hand, implicitly seems to be embedding a premium. "Overall, the deal may not have a material impact on Charter stock beyond the refinancing or repayment choices made with respect to Liberty's debt. To the extent Charter assumes Liberty's corporate-level debt (ex-GCI debt), it would implicitly equate into a
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LBRDA
News
- John Malone Wrangles Runaway U.S. Cable Mess [Seeking Alpha]Seeking Alpha
- John Malone's Liberty Broadband Seeks Merger With Charter [Yahoo! Finance]Yahoo! Finance
- Liberty Broadband Stock Soars 25% on Charter Communications Merger Counterproposal [Yahoo! Finance]Yahoo! Finance
- Liberty Broadband Stock Soars on Counterproposal to Charter Communications' Merger Offer [Yahoo! Finance]Yahoo! Finance
- John Malone's Liberty Broadband Seeks Merger With Charter Cable [Yahoo! Finance Canada]Yahoo! Finance Canada
LBRDA
Earnings
- 5/8/24 - Miss
LBRDA
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 4
- 9/23/24 - Form 425
- LBRDA's page on the SEC website