Brief: John Malone - Informed Liberty Broadband & GCI Liberty On Reaching Preliminary Understanding Regarding Possible Exchange Ratio For Potential Business

Liberty Broadband

30/06/2020 13:54

June 30 (Reuters) - Liberty Broadband Corp  LBRDA.O :
    * JOHN MALONE - INFORMED LIBERTY BROADBAND & GCI LIBERTY ON
REACHING PRELIMINARY UNDERSTANDING REGARDING POSSIBLE EXCHANGE
RATIO FOR POTENTIAL BUSINESS
    * JOHN MALONE - POTENTIAL DEAL FOR LIBERTY BROADBAND TO BUY
SHARES
OF SERIES A, SERIES B STOCK, PREFERRED STOCK OF GCI LIBERTY IN
STOCK-FOR-STOCK DEAL
    * JOHN MALONE - EXPECTS THERE WILL BE CONTINUED DISCUSSIONS
BETWEEN AND AMONG SPECIAL COMMITTEES REGARDING POTENTIAL
COMBINATION AND RELATED MATTERS
    * JOHN MALONE - POSSIBLE EXCHANGE RATIO FOR POTENTIAL DEAL
REMAINS
SUBJECT TO NEGOTIATION OF MUTUALLY ACCEPTABLE TRANSACTION
AGREEMENTS
    * JOHN MALONE-AGREE TO GET SERIES C SHARES IN LIEU OF EQUAL
NUMBER
OF SERIES B SHARES WOULD BE ENTITLED TO RECEIVE IN POTENTIAL
LIBERTY BROADBAND DEAL
    * JOHN MALONE-WOULD ALSO RIGHT TO EXCHANGE SUCH SHARES OF
SERIES C
STOCK FOR SERIES B STOCK, ON 1-FOR-1 BASIS IN POTENTIAL LIBERTY
BROADBAND DEAL

Source text for Eikon: [ID: https://bit.ly/2ZrAKY8]
Further company coverage:  LBRDA.O 

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