Charter Communications, Inc. (CHTR, Financial) has recently filed a Current Report on Form 8-K, providing investors with pro forma financial information related to its merger with Liberty Broadband Corporation. This strategic move, initially disclosed on November 12, 2024, involves a comprehensive merger agreement that includes the integration of Liberty Broadband as a wholly owned subsidiary of Charter.
The merger agreement outlines a two-step process: the initial merger of Fusion Merger Sub 2, Inc. with Liberty Broadband, followed by the upstream merger of Liberty Broadband into Fusion Merger Sub 1, LLC. This combination aims to enhance Charter's operational capabilities and market position.
The pro forma financial statements, which are unaudited, cover the nine months ended September 30, 2024, and the year ended December 31, 2023. These statements are designed to reflect the financial impact of the merger as if it had occurred on September 30, 2024, for the balance sheet, and January 1, 2023, for the statements of operations. Charter believes that this presentation offers investors enhanced transparency and supplemental data regarding the company's financial position and operational results post-merger.
This information is provided solely for informational purposes and is not deemed to be filed with the Securities and Exchange Commission. It is intended to offer Charter stockholders a clearer understanding of the potential financial outcomes of the merger, based on historical financial data and significant transaction accounting adjustments.
Charter Communications continues to focus on strategic growth and operational efficiency, with this merger representing a significant step in its long-term business strategy.
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