Business
Liberty Broadband and GCI Liberty Announce Preliminary Results of Stockholder Meetings; Indicate Stockholders Approve Combination
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Broadband Corporation (“Liberty Broadband”) (NASDAQ: LBRDA, LBRDK) and GCI Liberty, Inc. (“GCI Liberty”) (NASDAQ:
About this update from Liberty Broadband Corporation
[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nLiberty 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.\n\nThe 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.\n\nEach 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.\n\nThe closing of the combination is expected to occur after close of business on December 18, 2020.\n\nAbout Liberty Broadband\n\nLiberty Broadband Corporation’s (NASDAQ: LBRDA, LBRDK) businesses consist of its interest in Charter Communications and its subsidiary Skyhook.\n\nAbout GCI Liberty, Inc.\n\nGCI 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.\n\nForward-Looking Statements\n\nThis 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 genera...