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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:37 EDTCHTR, LMCA, TWCLiberty Media to spin-off Liberty Broadband into new publicly-traded company
Liberty Media’s (LMCA) board has authorized management to pursue a plan to spin-off to its stockholders common stock of a newly formed company to be called Liberty Broadband and to distribute subscription rights to acquire shares of Liberty Broadband’s common stock. Liberty Broadband would be comprised of, among other things, Liberty Media's interest in Charter Communications (CHTR), subsidiary TruePosition, minority equity investment in Time Warner Cable (TWC) and certain deferred tax and deferred revenue liabilities, as well as liabilities related to the Time Warner call option. In the spin-off, record holders of Series A, Series B and Series C common stock would receive one-fourth of a share of the corresponding series of Liberty Broadband common stock for each share of common stock held by them as of the record date for the spin-off, with cash in lieu of fractional shares. In addition, stockholders will also receive a subscription right to acquire one share of Series C Liberty Broadband common stock for every five shares of Liberty Broadband common stock they receive in the spin-off. The subscription rights are being issued to raise capital for general corporate purposes of Liberty Broadband and will enable the holders to acquire shares of Series C Liberty Broadband common stock at a 20% discount to the 20-trading day volume weighted average trading price of the Series C Liberty Broadband common stock following the completion of the spin-off. The company expects the subscription rights to become publicly traded once the exercise price has been established and the rights offering to expire forty trading days following the completion of the spin-off. The spin-off and rights offering are intended to be tax-free to stockholders of Liberty Media and the completion of the spin-off and commencement of the rights offering will be subject to various conditions, including the receipt of an opinion of tax counsel. Subject to the satisfaction of these conditions, the completion of the spin-off and the commencement of the rights offering is expected to occur in the second half of 2014.
News For LMCA;CHTR;TWC From The Last 14 Days
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August 26, 2015
09:02 EDTTWCTime Warner Cable Business named as national vendor by MiCTA
Time Warner Cable Business Class announced the company has been selected as an approved national vendor for MiCTA, an association representing non-profit groups, including schools, healthcare, government and other organizations. The approved vendor status allows MiCTA members to take advantage of fiber-delivered Ethernet services and Dedicated Internet Access offered by TWCBC, at a pre-negotiated rate. This also eliminates the need for members to conduct their own competitive bidding for services, which makes procurement streamlined, easier and more time-efficient.
August 19, 2015
10:20 EDTTWC, CHTRBig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCHTROn The Fly: Analyst Upgrade Summary
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07:58 EDTCHTRCharter upgraded to Buy from Neutral at MoffettNathanson
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August 18, 2015
16:49 EDTCHTROn The Fly: Top stock stories for Tuesday
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10:17 EDTTWC, CHTRDisney downgraded as Wells moves away from content providers
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August 17, 2015
20:09 EDTTWC, CHTRCable companies test virtual reality offerings, Variety says
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