Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 257

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 257
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 cause its subsidiaries, and its and their directors, officers and employees not to, and will use reasonable best efforts to cause its and their representatives not to, directly or indirectly, (1) solicit, initiate or knowingly facilitate, induce or encourage any inquiries or the making or announcement of any proposal or offer that constitutes, or would reasonably be expected to lead to, an alternative company transaction proposal, (2) enter into, continue or otherwise participate in any discussions or negotiations regarding any alternative company transaction proposal or (3) furnish any non-public information with respect to Liberty Broadband and its subsidiaries, or afford access to the business, properties, assets, books or records of Liberty Broadband or its subsidiaries to any person or group (other than Charter and its representatives), in each case to knowingly facilitate or encourage the making of, or knowingly cooperate in any way that would reasonably be expected to lead to, any alternative company transaction proposal, except in each case as expressly permitted by the merger agreement. |

Notwithstanding the foregoing, Liberty Broadband or any of its representatives may:

| • | inform any person that makes an alternative company transaction proposal of the restrictions imposed by the merger agreement; or |

| • | waive any standstill provisions in any agreement with any person or group solely to the extent such standstill provisions would prohibit such person or group from making an alternative company transaction proposal privately to the Liberty Broadband Board. |

In connection with the receipt of any alternative company transaction proposal or any initial request for information or for the initiation of negotiations with respect to an alternative company transaction proposal, Liberty Broadband will:

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| • | as promptly as practicable (and in any event within 24 hours) provide the Charter special committee written notice of the receipt of such proposal or request, including a written summary of the material terms and conditions of such proposal or request (including unredacted copies of such written proposal or request) and the identity of the persons making such proposal or request; |

| • | keep the Charter special committee reasonably currently informed of the status of, and negotiations (if any) regarding, and any material developments affecting the terms and conditions of, such proposal or request; |

| • | promptly (and in any event within 48 hours) provide the Charter special committee with all non-public information concerning Liberty Broadband or any of its subsidiaries that is made available to the person or group making such proposal or request (or any of their representatives), which was not previously made available to the Charter special committee or its representatives;