Liberty Broadband to Hold Special Shareholders’ Meeting
Liberty Broadband said it will hold a special meeting of shareholders on Sept. 23 at 8:30 a.m., M.D.T., at the corporate offices of Starz in Englewood Colo., for shareholders of record as of Aug. 6, to vote on proposals relating to its purchase of shares related to Charter Communications's pending acquisition of Time Warner Cable.
Liberty Broadband had earlier agreed to purchase $4.3 billion of stock of a new publicly traded Charter Communications, following its proposed merger with Time Warner Cable. That stock purchase was a key element in Charter’s overall $78.7 billion deal to acquire TWC.
Charter agreed to purchase TWC in May, and planned to fund the deal through stock, cash and debt. Earlier in the month Charter issued about $15 billion in bonds to help fund the acquisition, which along with its purchase of Bright House Network, will create the second largest cable company in the country with about 17.8 million customers.
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