08:40 AM EST, 11/13/2024 (MT Newswires) -- Charter Communications ( CHTR ) said Wednesday that it has entered into a definitive agreement to acquire Liberty Broadband ( LBRDA ) in an all-stock transaction.

Under the terms of the agreement, each holder of Liberty series A common stock, series B common stock and series C common stock will receive 0.236 of a share of Charter common stock for each Liberty share held, with cash to be issued in lieu of fractional shares.

Price: 373.00, Change: +6.51, Percent Change: +1.78