Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 260

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 260
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 reimburse the counterparty’s fees, costs or expenses of any nature, provided, further, that Liberty Broadband shall not furnish to any such person or group any information furnished by or on behalf of Charter or its representatives to Liberty Broadband or its representatives or made available pursuant to the Confidentiality Agreement (as defined in the merger agreement); and |

| • | following the execution of a confidentiality agreement that complies with the above requirements, engage in discussions or negotiations with such person or group (and their respective representatives) with respect to such alternative company transaction proposal. |

At any time prior to the receipt of the required Liberty Broadband stockholder approvals, the Liberty Broadband Board or any committee thereof, may, subject to compliance with its obligations described below, make a company adverse recommendation change solely in response to a company intervening event or a superior company proposal that did not result from a breach of Liberty Broadband’s non-solicitation obligations under the merger agreement, if:

| • | in the case of a superior company proposal, such proposal has been made and not withdrawn and continues to be a superior company proposal; and |

| • | Liberty Broadband has first (1) provided to Charter and the Charter special committee five business days’ prior written notice stating expressly (A) that a company intervening event has occurred or that it has received a superior company proposal, as applicable, (B) (x) in the case of a company intervening |

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event, describing the material facts underlying such event in reasonable detail, or (y) in the case of a superior company proposal, describing the material terms and conditions of such proposal (including the form and per share value of the consideration offered and the identity of the person or group making such proposal) and including unredacted copies of the relevant transaction agreements and other material documents (provided that any amendment to the financial or other material terms of such proposal, including to the proposed purchase price, will require a new four-business day notice period) and (C) stating that in response to such company intervening event or superior company proposal, Liberty Broadband intends to make a company adverse recommendation change, and (2) to the extent requested by the Charter special committee, engaged in good faith negotiations with the Charter special committee and its representatives during the relevant notice period(s) and considered in good faith any bona fide offer by Charter, if any, and has nevertheless determined to make such company adverse recommendation change in accordance with the requirements described above. Notwithstanding any change in the Liberty Broadband