POTENTIAL DEAL DETAILS
|Stock||GCI Liberty, Inc.||Symbol||GLIBA|
|Date Announced||06/29/2020||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Liberty Broadband Corporation|
|Date of Confirmation:||08/06/2020||Price at Confirmation:||$82.10|
|Potential Profit:||15.44%||Annualized Profit:||148.29%|
A special committee of independent and disinterested directors formed by the board of directors of Liberty Broadband Corporation (LBRDA), a Delaware corporation, and a special committee of independent and disinterested directors formed by the board of directors of GCI Liberty, Inc. (GLIBA), a Delaware corporation, have informed Liberty Broadband and GCI Liberty that the special committees have reached a preliminary understanding regarding a possible exchange ratio for a potential business combination transaction between Liberty Broadband and GCI Liberty, in which Liberty Broadband would acquire all of the outstanding shares of Series A common stock, Series B common stock, and Series A Cumulative Redeemable Preferred Stock, of GCI Liberty in a stock-for-stock merger.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.