8-KItem 1.01 · Material AgreementItem 2.01 · Acquisition/DispositionItem 3.02 · Unregistered Equity SalesItem 3.03 · Security Rights ModificationItem 5.02 · Officer/Director ChangeItem 5.03 · Bylaws AmendmentItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Charter Completes Cox Acquisition and Liberty Broadband Merger
Filed with the SEC on · Summarized by InvestorsBot
Charter Communications completed its transaction with Cox Communications and acquired Liberty Broadband in concurrent deals. Cox received approximately $5 billion in Charter common units, $6 billion of convertible preferred units with a 6.875% coupon, and about $4 billion in cash, while Cox and its subsidiaries now own approximately 26% of Charter on a fully diluted, as-converted basis and Charter assumed about $12 billion of Cox debt and finance leases. Charter also issued about 33.9 million shares to Liberty Broadband holders, retired approximately 38.6 million shares previously held by Liberty Broadband, and plans to launch Spectrum products in former Cox markets in mid-September.