Liberty Broadband Stock Jumps Before Long Weekend as Charter Deal Math Tightens
Liberty Broadband Corp’s Class A shares head into Friday’s U.S. session after a sharp Thursday gain, with LBRDA closing at $34.80, up 3.14%, as investors marked the stock closer to the value implied by Charter Communications’ pending all-stock acquisition. Reuters market data showed Liberty Broadband’s last price at $34.80, while Charter closed Thursday at $148.90 after rising 2.97%. The timing matters. Nasdaq’s regular session opens at 9:30 a.m. and closes at 4:00 p.m. Eastern Time, and U.S. stock markets are closed on Monday, May 25, for Memorial Day, compressing trading into one more session before the long weekend.