Liberty Broadband Slides; Market Focuses on Charter Deal Figure
Liberty Broadband Corp Class C shares slid midday Tuesday. The stock tracked Charter Communications as traders continued to price Liberty Broadband off Charter’s all-stock deal terms instead of any new update from the company. Nasdaq: The Class C shares slipped 0.9% to $33.13. Liberty Broadband’s Class A stock dropped 0.8% to $33.09. Charter, its major holding and the expected buyer, lost 0.8% at $141.46.