NEW
YORK, Nov. 13, 2024 /PRNewswire/ -- Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed merger of Liberty Broadband Corporation
(NASDAQ: LBRDA, LBRDK, LBRDP) and Charter Communications, Inc.
(NASDAQ: CHTR) for potential breaches of fiduciary duty related to
conflicts of interest.
For a free, no-risk consultation, please visit
https://julieholleman.com/liberty-broadband-corp/, or contact firm
partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020.
Charter Communications and Liberty Broadband are leading U.S.
communications providers. On November 13,
2024, the companies announced that Charter would acquire
Liberty through an all-stock transaction. Under the merger
agreement, Liberty shareholders will receive 0.236 newly issued
Charter for each of their Liberty shares. In addition, Charter will
spin-off one of Liberty's current assets, Alaskan communications
provider GCI, LLC, to Liberty's current shareholders.
Julie & Holleman is concerned about conflicts of interest.
Liberty's controlling shareholder is cable TV mogul John C. Malone, who has been involved with
numerous other mergers that have received intense scrutiny.
Liberty, in turn, is Charter's largest shareholder, meaning that
Malone has significant influence over both companies.
Moreover, Charter's second largest shareholder is private
American media company Advance/Newhouse Partnership, with which
Malone has had numerous business dealings over the years. In short,
Julie & Holleman is concerned that Malone and Advance/Newhouse
may be using their influence to benefit themselves at the expense
of minority shareholders.
Please visit https://julieholleman.com/liberty-broadband-corp/
or contact partner Scott Holleman by
email at scott@julieholleman.com or by telephone at (929) 415-1020
for more information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP