Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 168

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 168
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 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 the unaffiliated shareholders compared to other transaction structures; |

| • | the fact that Liberty Broadband will remain a large stockholder of Charter and retain its designees to the Charter Board during the pendency of the combination, which will provide Charter with stability and allow Charter to focus on executing its long-term business plan, including its investment cycle, for the benefit of its stockholders during this period; |

| • | the fact that the combination allows Charter to avoid potential disruption to Charter if Liberty Broadband were to undergo a change of control or otherwise sell its shares of Charter to a third party instead of to Charter; |

| • | the fact that Charter and Liberty Broadband have agreed to a schedule of share buybacks during the