May. 15 at 8:25 PM
$CHTR “More importantly, as part of the pending Charter–Liberty Broadband merger:
* Charter said it intends to repurchase about
$100 million per month of Charter shares from Liberty Broadband before the merger closes.
* The purpose is largely to help Liberty Broadband reduce/pay off debt ahead of the merger.
* Liberty also wanted the sales structured in a tax-efficient way.
So if you saw a big Liberty Broadband sale of Charter stock, that is very likely part of this pre-arranged merger-related process rather than:”