Optimum Subsidiary Announces Final Results of Tender Offer for Shares of Optimum’s Class A Common Stock
CSC Investments II LLC, a wholly owned subsidiary of Optimum Communications, Inc. (NYSE: OPTU), announced the final results of its tender offer, accepting 120,000,000 shares at $2.50 per share. The transaction represents the repurchase of 42.5% of the shares issued and outstanding as of June 30, 2026, for an aggregate purchase price of $300,000,000.
Key figures
- Purchase Price
- 2.5
- Shares Accepted
- 120000000
- Shares Tendered
- 246605915
- Proration factor
- 48.6%
- Aggregate purchase price
- 300000000
- Percent outstanding purchased
- 42.5%
AI analysis
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