** Shares of Charter Communications rise 2.1% to $400.34 while Liberty Broadband shares fall 7% to $90.40
** The cable operator agrees to buy LBRDA in a all-stock deal
** According to terms of the transaction, CHTR valued LBRDA at $13.22 billion - as per Reuters calculations
** Charter plans to retire around 45.6 mln of its shares owned by Liberty Broadband, and issue about 34 mln shares to LBRDA's common stockholders, ultimately reducing Charter's outstanding shares by approx. 11.5 mln.
** CHTR stock up 3% and LBRDA stock rises ~12% YTD
(Reporting by Priyanka.G in Bengaluru)
((priyanka.g@thomsonreuters.com;))
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