Optimum subsidiary buys 120M shares at $2.50 in tender offer

CSC Investments II LLC, a wholly owned subsidiary of Optimum Communications, Inc. (NYSE: OPTU), announced the final results of its tender offer, which expired at 5:00 p.m. New York City time on June 30, 2026.

A total of 246,605,915 shares of Optimum's Class A Common Stock were validly tendered. CSC Investments II accepted 120,000,000 shares, representing 42.5% of shares issued and outstanding as of June 30, 2026, at $2.50 per share, for an aggregate purchase price of $300,000,000, excluding fees and expenses.

Because the number of shares tendered exceeded the number sought, shares were accepted on a pro rata basis, with the exception of "odd lot" tenders, which were accepted in full. Conditional tenders that did not meet their conditions were automatically withdrawn. The final proration factor was approximately 48.6%.

Payment for accepted shares is expected on or about July 7, 2026, and will be made in cash, subject to applicable withholding and without interest. All shares tendered but not accepted will be returned promptly.

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