MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Liberty Broadband (NASDAQ: LBRDA, LBRDK, LBRDP) for possible breaches of fiduciary duty and other violations of law in its transaction with Charter.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, each holder of Liberty Broadband Series A common stock, Series B common stock, and Series C common stock will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held, with cash to be issued in lieu of fractional shares. The transaction agreement unreasonably limits competing transactions for Liberty Broadband by imposing a significant penalty if Liberty Broadband accepts a competing bid. Liberty Broadband insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Liberty Broadband’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
