Liberty Broadband Stock Jumps Before Long Weekend as Charter Deal Math Tightens
Liberty Broadband Class A shares closed at $34.80 Thursday, up 3.14%, nearing the value implied by Charter Communications’ pending all-stock acquisition. The exchange ratio values each Liberty share at about $35.14 based on Charter’s $148.90 close. Trading is compressed before the Memorial Day holiday. Liberty’s stock is now mainly a play on Charter, which is also acquiring Cox Communications.