Liberty Broadband & GCI Liberty Announce Preliminary Results of Stockholder Meetings; Indicate Stockholders Approve Combinati...
December 15 2020 - 4:01PM
Business Wire
Liberty Broadband Corporation (“Liberty Broadband”) (NASDAQ:
LBRDA, LBRDK) and GCI Liberty, Inc. (“GCI Liberty”) (NASDAQ: GLIBA,
GLIBP) each announced the preliminary voting results from their
respective special meetings held earlier today.
The preliminary vote tallies from the special meetings indicate
that GCI Liberty and Liberty Broadband stockholders approved the
adoption of the merger agreement governing the combination of
Liberty Broadband and GCI Liberty, and, in addition, Liberty
Broadband stockholders approved the issuance of Liberty Broadband
common and preferred stock in connection with the combination.
These approvals, which include the approval of the merger agreement
by a majority of the voting power held by the unaffiliated holders
of each of GCI Liberty and Liberty Broadband, are the only
requisite stockholder approvals needed by either company in
connection with the combination.
Each of GCI Liberty and Liberty Broadband will report the final
voting results of its special meeting on a Form 8-K to be filed
with the Securities and Exchange Commission following the
certification of the final results by the independent inspector of
election.
The closing of the combination is expected to occur after close
of business on December 18, 2020.
About Liberty Broadband
Liberty Broadband Corporation’s (NASDAQ: LBRDA, LBRDK)
businesses consist of its interest in Charter Communications and
its subsidiary Skyhook.
About GCI Liberty, Inc.
GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) operates and owns
interests in a broad range of communications businesses. GCI
Liberty’s assets consist of its subsidiary GCI Holdings, LLC
(“GCI”) and interests in Charter Communications and Liberty
Broadband. GCI is Alaska’s largest communications provider,
providing data, wireless, video, voice and managed services to
consumer and business customers throughout Alaska and nationwide.
GCI has delivered services for nearly 40 years to some of the most
remote communities and in some of the most challenging conditions
in North America.
Forward-Looking Statements
This communication includes forward-looking statements. All
statements other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws. These forward-looking statements generally can be
identified by phrases such as “expected” or other words or phrases
of similar import or future or conditional verbs such as “will,”
“may,” “might,” “should,” “would,” “could,” or similar variations.
Similarly, statements about the combination, including satisfaction
of conditions to the combination and the timing of the combination
and other statements that are not historical facts are also
forward-looking statements. It is uncertain whether any of the
events anticipated by the forward-looking statements will transpire
or occur, or if any of them do, what impact they will have on the
results of operations and financial condition of the combined
companies or the price of Liberty Broadband or GCI Liberty stock.
These forward-looking statements involve certain risks and
uncertainties, many of which are beyond the parties’ control, that
could cause actual results to differ materially from those
indicated in such forward-looking statements, including, but not
limited to, the ability of the parties to consummate the
combination on a timely basis or at all and the satisfaction of the
conditions precedent to consummation of the combination, including,
but not limited to, approval by the stockholders of Liberty
Broadband and GCI Liberty. These forward-looking statements speak
only as of the date of this communication, and Liberty Broadband
and GCI Liberty expressly disclaim any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in Liberty
Broadband’s or GCI Liberty’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such
statement is based. Please refer to the publicly filed documents of
Liberty Broadband and GCI Liberty, including the most recent Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q, for
additional information about Liberty Broadband and GCI Liberty and
about the risks and uncertainties related to the businesses of
Liberty Broadband and GCI Liberty which may affect the statements
made in this communication.
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Liberty Broadband Corporation Courtnee Chun,
720-875-5420
GCI Liberty, Inc. Courtnee Chun, 720-875-5420
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