Charter said it had received demand letters and faced 2 lawsuits filed in New York state court by purported stockholders in connection with its merger with Liberty Broadband, as of February 5, 2025. The company said it believes the claims are without merit, but it is supplementing the joint proxy statement/prospectus to avoid the risk that the matters delay or otherwise affect the combination.

1. 01

   Charter said it had received demand letters and faced 2 lawsuits filed in New York state court by purported stockholders in connection with its merger with Liberty Broadband, as of February 5, 2025. The company said it believes the claims are without merit, but it is supplementing the joint proxy statement/prospectus to avoid the risk that the matters delay or otherwise affect the combination.

2. 02

   The company said in a supplemental filing that Centerview calculated Liberty Broadband's net asset value by multiplying the closing price of Charter Class A common stock on September 23, 2024, which was $331.62, by the approximately 45.6 million shares of Charter Class A common stock held by Liberty Broadband, and then adding or subtracting certain items, including Liberty Broadband's aggregate net debt of approximately $2,490 million as of September 30, 2024.

3. 03

   The company said Citi's analysis, which reflected a reduction of approximately 11.5 million shares, indicated potential increases in Charter's equity value per share of $5.78 based on the Unaffected Share Price and $9.84 based on the Pre-Announcement Share Price. It said the tax-effected incremental cash interest expense was presented as approximately $116 million and $121 million.

4. 04

   The company presented Charter street estimates, based on analyst consensus, showing 2024 revenue of 54.8, adjusted EBITDA of 22.5 and capital expenditures of 12.0 (in $ billions). It said its 2029 estimates are revenue of 56.2, adjusted EBITDA of 25.2 and capital expenditures of 8.4.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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