Liberty Broadband Proposes New Terms in Merger Talks with Charter Communications

Liberty Broadband's counterproposal includes a higher share exchange ratio and aims to streamline corporate structure.

Liberty Broadband's counterproposal offers 0.29 shares of Charter Class A stock for each Liberty share, up from Charter's initial offer of 0.228 shares.
Shares of Liberty Broadband surged 25% following the announcement, while Charter's stock declined by 2.9%.
The proposed merger aims to simplify the dual corporate structure and enhance trading liquidity for Liberty Broadband shareholders.
Charter would assume or refinance Liberty Broadband's debt and preferred stock as part of the transaction, which is targeted to close by June 30, 2027.
The merger is subject to regulatory, board, and stockholder approvals, along with requisite tax opinions and due diligence reviews.