TechLight Readingabout 2 hours ago
Optimum Forms Committee for Strategic Transactions
3 min read
Optimum Communications added two new board members to a special committee exploring potential strategic and financial transactions. The firm faces massive debt including $6.3 billion due in 2027 and $6.2 billion due in 2028. Optimum shares traded at $0.70 each, down 57% year-to-date, triggering a NYSE compliance notice. New members Abrams and Silvers will receive a monthly fee of $75,000.
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