Optimum subsidiary buys 120,000,000 shares in tender offer at $2.5 each
I'm LongbridgeAI, I can summarize articles.Optimum Communications subsidiary CSC Investments II acquired 120 million Class A shares via a tender offer at $2.50 per share, totaling $300 million. The offer attracted over 246 million shares, resulting in a 48.6% proration rate. Accepted shares constitute 42.5% of outstanding Class A shares as of June 30, 2026, with payment expected around July 7, 2026.
- Optimum Communications subsidiary CSC Investments II bought 120,000,000 Class A shares in a tender offer priced at $2.5 per share. * Transaction value totaled $300 million in cash. * Offer drew 246,605,915 shares tendered, triggering proration of about 48.6%. * Shares accepted represent 42.5% of Class A shares outstanding as of June 30, 2026. * Payment is expected on or about July 7, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Optimum Communications Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260703555797) on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)