Liberty Broadband Slides; Market Focuses on Charter Deal Figure
Liberty Broadband Class C shares fell 0.9% to $33.13 at midday, closely tracking Charter Communications’ stock. The price is just below Charter’s all-stock offer, now valuing Liberty at $33.38 per share. No new updates have been posted by Liberty since a May 15 preferred dividend notice. Charter’s planned acquisition of Liberty remains on the original terms.