{"success":true,"data":{"pressRelease":{"id":"80739","rtpr_id":"nBwdFPv2a","ticker":"OPTU","exchange":"NYSE","all_tickers":["OPTU"],"title":"Optimum Subsidiary Announces Final Results of Tender Offer for Shares of Optimum’s Class A Common Stock","author":"Business Wire","published_at":"2026-07-06T12:00:00.392Z","article_body":"Optimum Subsidiary Announces Final Results of Tender Offer for Shares of\nOptimum’s Class A Common Stock\n\nOptimum Subsidiary Acquires 120,000,000 Shares at $2.50 Per Share\n\nCSC Investments II LLC, a Delaware limited liability company (“CSC\nInvestments II”) and a wholly owned subsidiary of Optimum Communications,\nInc. (NYSE: OPTU) (“Optimum”), today announced the final results of its\ntender offer, which expired at 5:00 p.m., New York City time, on June 30,\n2026.\n\nBased on the final count by Equiniti Trust Company, LLC, the depositary for\nthe tender offer (the “Depositary”), a total of 246,605,915 shares of\nOptimum’s Class A Common Stock, par value $0.01 per share (each share of\nOptimum’s Class A Common Stock, a “Share,” and collectively, the\n“Shares”), were validly tendered and not validly withdrawn at the purchase\nprice of $2.50 per Share.\n\nIn accordance with the terms and conditions of the tender offer, CSC\nInvestments II accepted for purchase a total of 120,000,000 Shares,\nrepresenting 42.5% of the Shares issued and outstanding as of June 30, 2026\n(after giving effect to the Private Exchange Transaction (as defined in the\nOffer to Purchase)), at the purchase price of $2.50 per Share, for an\naggregate purchase price of $300,000,000, excluding fees and expenses relating\nto the tender offer.\n\nBecause the number of Shares validly tendered and not validly withdrawn\nexceeded the number of Shares sought in the tender offer, Shares were accepted\nfor purchase on a pro rata basis, except for tenders of “odd lots,” which\nwere accepted in full, and conditional tenders that were automatically\nregarded as withdrawn because the condition was not satisfied. CSC Investments\nII has been informed by the Depositary that the final proration factor for the\ntender offer is approximately 48.6%. The Depositary will promptly pay for all\nthe Shares accepted for purchase pursuant to the tender offer on or about July\n7, 2026. Payment for Shares will be made in cash, subject to applicable\nwithholding and without interest. All other Shares tendered and not purchased\nwill be returned promptly.\n\nAbout Optimum Communications\n\nOptimum Communications, Inc. (NYSE: OPTU) is one of the largest broadband\ncommunications and video services providers in the United States, delivering\nbroadband, video, mobile, proprietary content and advertising services to\napproximately 4.3 million residential and business customers across 21 states\nthrough its Optimum brand. We operate Optimum Media, an advanced advertising\nand data business, which provides audience-based, multiscreen advertising\nsolutions to local, regional and national businesses and advertising clients.\nWe also operate News 12, which is focused on delivering best-in-class\nhyperlocal news content.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260703555797/en/\n(https://www.businesswire.com/news/home/20260703555797/en/)\n\nInvestor Relations\n\nJohn Hsu: +1 917 405 2097 / john.hsu@optimum.com \n(mailto:john.hsu@optimum.com) \nSarah Freedman: +1 631 660 8714 / sarah.freedman@optimum.com \n(mailto:sarah.freedman@optimum.com) \n\n\nMedia Relations\n\nLisa Anselmo: +1 516 279 9461 / lisa.anselmo@optimum.com \n(mailto:lisa.anselmo@optimum.com) \nJanet Meahan: +1 516 519 2353 / janet.meahan@optimum.com\n(mailto:janet.meahan@optimum.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwdFPv2a","title":"Optimum Subsidiary Announces Final Results of Tender Offer for Shares of Optimum’s Class A Common Stock","author":"Business Wire","ticker":"OPTU","created":"2026-07-06T12:00:00.392Z","tickers":["OPTU"],"exchange":"NYSE","article_body":"Optimum Subsidiary Announces Final Results of Tender Offer for Shares of\nOptimum’s Class A Common Stock\n\nOptimum Subsidiary Acquires 120,000,000 Shares at $2.50 Per Share\n\nCSC Investments II LLC, a Delaware limited liability company (“CSC\nInvestments II”) and a wholly owned subsidiary of Optimum Communications,\nInc. (NYSE: OPTU) (“Optimum”), today announced the final results of its\ntender offer, which expired at 5:00 p.m., New York City time, on June 30,\n2026.\n\nBased on the final count by Equiniti Trust Company, LLC, the depositary for\nthe tender offer (the “Depositary”), a total of 246,605,915 shares of\nOptimum’s Class A Common Stock, par value $0.01 per share (each share of\nOptimum’s Class A Common Stock, a “Share,” and collectively, the\n“Shares”), were validly tendered and not validly withdrawn at the purchase\nprice of $2.50 per Share.\n\nIn accordance with the terms and conditions of the tender offer, CSC\nInvestments II accepted for purchase a total of 120,000,000 Shares,\nrepresenting 42.5% of the Shares issued and outstanding as of June 30, 2026\n(after giving effect to the Private Exchange Transaction (as defined in the\nOffer to Purchase)), at the purchase price of $2.50 per Share, for an\naggregate purchase price of $300,000,000, excluding fees and expenses relating\nto the tender offer.\n\nBecause the number of Shares validly tendered and not validly withdrawn\nexceeded the number of Shares sought in the tender offer, Shares were accepted\nfor purchase on a pro rata basis, except for tenders of “odd lots,” which\nwere accepted in full, and conditional tenders that were automatically\nregarded as withdrawn because the condition was not satisfied. CSC Investments\nII has been informed by the Depositary that the final proration factor for the\ntender offer is approximately 48.6%. The Depositary will promptly pay for all\nthe Shares accepted for purchase pursuant to the tender offer on or about July\n7, 2026. Payment for Shares will be made in cash, subject to applicable\nwithholding and without interest. All other Shares tendered and not purchased\nwill be returned promptly.\n\nAbout Optimum Communications\n\nOptimum Communications, Inc. (NYSE: OPTU) is one of the largest broadband\ncommunications and video services providers in the United States, delivering\nbroadband, video, mobile, proprietary content and advertising services to\napproximately 4.3 million residential and business customers across 21 states\nthrough its Optimum brand. We operate Optimum Media, an advanced advertising\nand data business, which provides audience-based, multiscreen advertising\nsolutions to local, regional and national businesses and advertising clients.\nWe also operate News 12, which is focused on delivering best-in-class\nhyperlocal news content.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260703555797/en/\n(https://www.businesswire.com/news/home/20260703555797/en/)\n\nInvestor Relations\n\nJohn Hsu: +1 917 405 2097 / john.hsu@optimum.com \n(mailto:john.hsu@optimum.com) \nSarah Freedman: +1 631 660 8714 / sarah.freedman@optimum.com \n(mailto:sarah.freedman@optimum.com) \n\n\nMedia Relations\n\nLisa Anselmo: +1 516 279 9461 / lisa.anselmo@optimum.com \n(mailto:lisa.anselmo@optimum.com) \nJanet Meahan: +1 516 519 2353 / janet.meahan@optimum.com\n(mailto:janet.meahan@optimum.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-07-06T12:00:00.556757238Z","server_sent_at_ms":1783339200556},"received_at":"2026-07-06T12:00:00.622Z","source_url":"https://www.businesswire.com/news/home/20260703555797/en/"},"analysis":{"id":"69853","press_release_id":"80739","analysis_json":{"industry":{"label":"Cable & Satellite","sector":"Communication Services"},"redFlags":["Tender offer significantly oversubscribed (246.6M shares tendered vs 120M sought), indicating substantial shareholder desire to exit at the $2.50 price point."],"eventType":"buyback","narrative":"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.\n\nThe 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.\n\nThe offer was significantly oversubscribed with approximately 246.6 million shares tendered, resulting in a final proration factor of 48.6%.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Optimum completes massive $300M tender offer, reducing share count by 42.5% despite heavy oversubscription."},"keyFigures":{"purchasePrice":2.5,"sharesAccepted":120000000,"sharesTendered":246605915,"customDimensions":{"proration_factor":"48.6%","aggregate_purchase_price":300000000,"percent_outstanding_purchased":"42.5%"}},"quotedText":"","namedEntities":{"people":[],"products":["Optimum Media","News 12"],"companies":[{"name":"CSC Investments II LLC","relationship":"wholly owned subsidiary"},{"name":"Optimum Communications, Inc.","ticker":"OPTU"},{"name":"Equiniti Trust Company, LLC","relationship":"depositary"}],"dollarAmounts":[{"amount":"$2.50","context":"purchase price per share"},{"amount":"$300,000,000","context":"aggregate purchase price"},{"amount":"$0.01","context":"par value per share"}]},"materialImpact":{"score":4,"reasoning":"The company is repurchasing 42.5% of its outstanding shares, a dramatic reduction in public float that significantly impacts the capital structure and earnings per share."},"tickerRelevance":{"others":[],"primary":"OPTU"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"significant capital structure change","sectorWeight":"telecom/services"}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"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.\n\nThe 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.\n\nThe offer was significantly oversubscribed with approximately 246.6 million shares tendered, resulting in a final proration factor of 48.6%.","key_figures":{"purchasePrice":2.5,"sharesAccepted":120000000,"sharesTendered":246605915,"customDimensions":{"proration_factor":"48.6%","aggregate_purchase_price":300000000,"percent_outstanding_purchased":"42.5%"}},"named_entities":{"people":[],"products":["Optimum Media","News 12"],"companies":[{"name":"CSC Investments II LLC","relationship":"wholly owned subsidiary"},{"name":"Optimum Communications, Inc.","ticker":"OPTU"},{"name":"Equiniti Trust Company, LLC","relationship":"depositary"}],"dollarAmounts":[{"amount":"$2.50","context":"purchase price per share"},{"amount":"$300,000,000","context":"aggregate purchase price"},{"amount":"$0.01","context":"par value per share"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-06T12:07:58.539Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","eventGravity":"significant capital structure change","sectorWeight":"telecom/services"}},"durationMs":123617,"modelName":"george-droid-qwen-72b"}}