FinanceLight Readingabout 1 hour ago
Cable One Urges Judge to Unblock Deal
4 min read
Cable One asked a New York court to dissolve a temporary restraining order blocking its pending $480 million acquisition of Mega Broadband. The lender CoBank sought the order, claiming the deal endangered its $1.1 billion loans. Cable One shares dropped 20% when the complaint was filed. The target owns Vyve Broadband with 210,000 customers.
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