Optimum unit CSC Investments II expects to buy 120,000,000 shares in $2.5 tender offer, preliminary results show

Optimum Communications, Inc. Class A

Optimum Communications, Inc. Class A

OPTU

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  • CSC Investments II, a wholly owned Optimum Communications unit, received tenders for 254,956,213 Optimum Class A shares at USD 2.5 each.
  • Expects to buy 120,000,000 shares for about USD 300 million, excluding fees and expenses.
  • Offer was oversubscribed; preliminary proration factor about 47.1%, with odd lots accepted in full.
  • Shares expected to be purchased equal about 42.5% of shares outstanding as of June 30, 2026.


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