Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 72

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 72
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 will make the appropriate filings, as necessary, pursuant to the HSR Act as promptly as reasonably practicable after the date that is one year prior to June 30, 2027 (and/or such other date as reasonably determined by the parties such that the end of the initial waiting period under the HSR Act is no earlier than one year prior to the closing). To the extent applicable, completion of the acquisition of Liberty Broadband by Charter would be subject to the expiration or earlier termination of the applicable waiting period and any commitments by the parties not to close before a certain date under a timing agreement entered into with a governmental authority, in each case, in respect of the combination or the conversion of the Liberty Broadband capital stock pursuant to the merger agreement under the HSR Act.

Charter and Liberty Broadband do not expect the completion of the acquisition of Liberty Broadband by Charter to be subject to other notifications or receipts of other regulatory approvals.

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TABLE OF CONTENTS

Timing of the Combination (page 111) Charter and Liberty Broadband are working to complete the combination on June 30, 2027, unless terminated in accordance with the merger agreement or otherwise agreed, and subject to adjustment in connection with certain tax law changes that may be proposed following the date of the merger agreement, in each case, as set forth in the merger agreement. The parties determined that a closing in mid-2027 would be beneficial to the companies and their respective stockholders as it would allow sufficient time for Liberty Broadband to divest the GCI business and to reduce its aggregate debt prior to closing. Additionally, Charter and Liberty Broadband considered that a closing in mid-2027 would ensure an orderly transition of governance and ownership at Charter to the benefit of the public stockholders. For more information regarding the factors considered by Charter and Liberty Broadband in determining the target closing date, see “The Combination—Background of the Combination,” “The Combination—Charter’s Reasons for the Combination; Recommendations of the Charter Special Committee and Charter Board of Directors” and “The Combination—Liberty Broadband’s Reasons for the Combination; Recommendation of the Liberty Broadband Board of Directors.” Charter and Liberty Broadband may decide to complete the combination at an earlier date in certain circumstances, including if the GCI divestiture is completed earlier than anticipated or in connection with certain tax law changes that may be proposed following the date of the merger agreement, as discussed in further detail in “The Merger Agreement—Covenants and