FinanceLight Readingabout 2 hours ago
Judge Pauses Cable One Mega Broadband Deal
3 min read
A New York judge ordered Cable One and lender CoBank to agree on briefing and hearing dates regarding a deal to acquire 55% of Mega Broadband for $480 million. CoBank halted the transaction citing bankruptcy fears involving $1.1 billion in secured credit, while Cable One disputed the insolvency claims.
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