Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 176

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 176
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, there is no assurance that all conditions to the parties’ obligations to complete the combination will be satisfied or waived, and as a result, it is possible that the combination might not be completed; |

| • | the interests of Liberty Broadband’s directors and executive officers and the interests of Charter’s directors and executive officers in the combination described under “—Interests of Liberty Broadband Directors and Executive Officers in the Combination” and “—Interests of Charter Directors and Executive Officers in the Combination”, respectively; |

| • | that the merger consideration to be received by holders of shares of Liberty Broadband common stock will consist of Charter Class A common stock based on a fixed exchange ratio and that the value of the merger consideration may decline either before or after the Liberty Broadband special meeting and there will be no adjustment to such exchange ratio, thereby exposing the Liberty Broadband stockholders to the risks of an equity investment; |

| • | that certain provisions of the merger agreement that require Liberty Broadband to pay Charter a termination fee in certain circumstances could deter a third party from making a competing acquisition proposal for Liberty Broadband common stock or assets of Liberty Broadband; |

| • | the tax liabilities that will arise from the GCI divestiture undertaken in connection with the combination; |

| • | the possibility that either Skadden or Wachtell Lipton would be unable to deliver its reorganization tax opinion, which could prevent the combination from closing, or that the IRS could assert that the combination otherwise failed to qualify as a “reorganization,” notwithstanding the delivery of such opinions, which could result in material adverse consequences; and |

| • | the various other applicable risks associated with Liberty Broadband and Charter and the combination, including the risks described in the sections entitled “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors.” |

The Liberty Broadband Board evaluated the costs and benefits of the combination as a whole and did not find it necessary to assign relative weights to the specific factors considered. The Liberty Broadband Board concluded, however, that the potential benefits of the combination outweighed, in each case, the potential costs of the combination, and that the combination is necessary, appropriate, advisable and in the best interests of Liberty Broadband and its stockholders. The foregoing discussion of the information and factors considered by the Liberty Broadband Board in reaching its conclusions and recommendations is not intended to be exhaustive, but includes the material factors considered by the Liberty Broadband Board. In view of the wide variety of factors considered in connection