Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 168

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 168
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 the merger agreement and the transactions contemplated thereby, including the merger, be submitted to the Charter stockholders for approval and resolve to recommend that the Charter stockholders approve the share issuance and the merger agreement and the transactions contemplated thereby, including the merger. The Charter special committee’s recommendation was based on a number of factors, including the following (which are not necessarily presented in order of relative importance):

| • | the Charter special committee’s thorough review, together with its independent financial and legal advisors, of the structure of the combination and the financial and other terms of the merger agreement (including Liberty Broadband’s representations, warranties and covenants, the conditions to its obligations, and the termination provisions and related termination fee, as well as the likelihood of consummation of the combination and likely time period necessary to close the combination) and the terms of the other transactions contemplated by the transaction documents, including the agreement among Charter, Liberty Broadband and A/N regarding share buybacks during the interim period; |

| • | its understanding of Liberty Broadband and Liberty Broadband’s business, financial position, financial performance and results of operations; |

| • | the fact that the combination will simplify Charter’s equity capital structure; |

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| • | the fact that the combination will result in more trading liquidity for Charter Class A common stock; |

| • | the historical and then-current trading prices and volumes of the Charter Class A common stock and each series of Liberty Broadband common stock; |

| • | the fact that no premium was being paid in respect of the high-vote Liberty Broadband Series B common stock, a majority of which are beneficially owned by Mr. Malone and Mr. Maffei and their affiliates; |

| • | the fact that the Malone Group and the Maffei Group agreed to enter into voting agreements in connection with the combination; |

| • | the fact that Liberty Broadband had agreed to divest its GCI business prior to closing, and that such divestiture was a condition to closing; |

| • | the fact that the exchange ratio is fixed, with no adjustment in the number of shares of Charter Class A common stock to be received by Liberty Broadband stockholders as a result of possible increases or decreases in the trading price of any series of Liberty Broadband common stock or the Charter Class A common stock following the announcement of the combination, which the Charter special committee believed was consistent with market practice for transactions of this type and with the strategic purpose of the combination and beneficial to