Cable One to Acquire Mega Broadband Investments Holdings

Dow Jones Newswires

By Elias Schisgall

Cable One is acquiring full ownership of Mega Broadband Investments Holdings for between $475 million and $495 million.

The broadband communications provider already owned a 45% stake in MBI, which does business as Vyve Broadband. The remaining shares are owned by MBI management and private equity firm GTRC LLC, which on Friday exercised a put option to sell its remaining shares to Cable One.

Cable One said it is financing the transaction with a combination of cash and new debt, some of which may come from its existing $1.25 billion revolving credit facility.

It said MBI will have debt between $845 million and $895 million in term loans maturing November 2027 at the time of the acquisition.

Cable One Chief Financial Officer and interim Chief Executive Officer Todd Koetje said the acquisition will expand the company's geographical footprint and enhance long-term growth prospects.

The transaction is expected to close Oct. 1.

Cravath, Swaine & Moore LLP advised Cable One on the acquisition.

Write to Elias Schisgall at elias.schisgall@wsj.com

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Cable One stock rises after announcing acquisition of remaining MBI stake

Investing.com

Investing.com -- Cable One, Inc. (NYSE:CABO) stock rose 3.6% in after-hours trading on Monday following the announcement that it will acquire the remaining 55% stake in Mega Broadband Investments Holdings LLC (MBI) that it does not already own.

The acquisition will provide Cable One with a larger and more geographically diversified operating footprint in attractive markets and create efficiency opportunities through increased scale. Cable One currently owns a 45% stake in MBI, with the remaining interests held by GTCR LLC affiliates and MBI management.

MBI, which operates under the Vyve Broadband brand, provides broadband services across the Southeast, Northwest, and Mid-South United States. The company generated approximately $310 million in total revenues for the 12 months ended September 30, 2025, and serves around 210,000 residential and business data customers across a network with approximately 675,000 passings.

"We are excited about the opportunity to acquire full ownership in MBI," said Todd Koetje, Cable One Interim CEO and CFO. "Our strategic investment in MBI reflects our continuing commitment to provide rural America with reliable high-speed internet service."

Based on currently available information, Cable One expects to pay between $475 million and $495 million for the remaining 55% stake. MBI’s total net indebtedness at the time of completion is expected to be approximately $845 million to $895 million in term loans maturing in November 2027.

The transaction follows GTCR Investors exercising their previously established put option on January 2, 2026. Cable One plans to finance the purchase using a combination of cash resources and debt, potentially including borrowings under its existing $1.25 billion revolving credit facility or new debt instruments.

The acquisition is expected to close on October 1, 2026, subject to customary closing conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Cable One stock falls after CEO transition announcement

Investing.com

Advanced Micro Devices

-17.31%

Investing.com -- Cable One Inc (NYSE:CABO) stock fell 2.7% Wednesday following the announcement of a leadership transition that will see James Holanda join as the company’s next Chief Executive Officer.

Holanda, who brings over 35 years of cable and broadband industry experience, is expected to assume the role no later than March 31, 2026, allowing him to complete prior professional commitments. He will succeed Julia M. Laulis, who has retired from her position as Chair of the Board, President, and CEO.

In the interim, Todd M. Koetje, Cable One’s Chief Financial Officer, will serve as Interim Chief Executive Officer until Holanda’s commencement date. Additionally, Mary E. Meduski has been elected to serve as the Independent Chair of the Board, effective January 1, 2026.

Holanda joins Cable One from Astound Broadband, where he served as CEO for 15 years. His previous experience includes roles as CEO of Choice Cable TV of Puerto Rico and President of Patriot Media. He began his career at Comcast before spending five years at Charter Communications in various accounting, finance, and operations positions.

"I am excited to have the opportunity to join Cable One as CEO and lead the company in its mission of enabling its customers to thrive and stay connected to what matters most," said Holanda, who holds a bachelor’s degree in Political Science from The Ohio State University.

Meduski, who has served on Cable One’s Board since 2019 and most recently as Lead Independent Director, expressed confidence in the new appointment, noting that Holanda was selected following a comprehensive search process.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Cable One Appoints James Holanda As CEO; Mary Meduski Elected Independent Chair

dpa-AFX

Cable One

+9.26%

WASHINGTON (dpa-AFX) - Cable One Inc. (CABO) announced that James Holanda will become the company's next Chief Executive Officer and join its Board of Directors. Holanda is expected to assume his role no later than March 31, 2026, allowing him time to complete his current professional commitments. He will succeed Julia Laulis, who retired from her position as Chair of the Board, President, and Chief Executive Officer.

In the interim, Todd M. Koetje, the company's Chief Financial Officer, has been appointed as Interim Chief Executive Officer until Holanda's commencement date. As part of this leadership transition, Mary E. Meduski has been elected to serve as the Independent Chair of the Board, effective January 1, 2026.

Holanda brings more than 35 years of experience in the cable and broadband industry. He most recently served as Chief Executive Officer of Astound Broadband for 15 years. Before that, he was CEO of Choice Cable TV of Puerto Rico and President of Patriot Media in Central New Jersey. His career began at Comcast, where he spent a decade, followed by five years at Charter Communications in various accounting, finance, business, and operations roles.

Meduski has been a member of the Cable One Board since 2019 and most recently held the position of Lead Independent Director.

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Cable One, Ruger, Movado, and Strategic Education Shares Plummet, What You Need To Know

Stock Story

What Happened?

A number of stocks fell in the afternoon session after new economic data intensified market agitation ahead of the Federal Reserve's policy decision later in the week.

According to the Bureau of Economic Analysis, real consumer spending, which is adjusted for inflation, stalled in September, marking its weakest performance in four months. Compounding the issue, the University of Michigan's consumer sentiment index, while slightly improved, remained gloomy, with one economist noting that many households faced affordability issues forcing them to be more cautious. This pressure on consumers was reflected in the market, where the Consumer Discretionary sector was among the leading decliners. The broader economic picture showed other signs of caution, as new orders for U.S. factory goods also increased less than anticipated. These indicators collectively suggest a widening slowdown across both consumer and industrial sectors as the Federal Reserve prepared to announce its final policy actions for the year.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Wireless, Cable and Satellite company Cable One fell 4.4%. Is now the time to buy Cable One? Access our full analysis report here, it’s free for active Edge members.
Leisure Products company Ruger fell 5%. Is now the time to buy Ruger? Access our full analysis report here, it’s free for active Edge members.
Apparel and Accessories company Movado fell 4%. Is now the time to buy Movado? Access our full analysis report here, it’s free for active Edge members.
Education Services company Strategic Education fell 4.2%. Is now the time to buy Strategic Education? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Ruger (RGR)

Ruger’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 17 days ago when the stock gained 2.6% on the news that comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

Ruger is down 6.5% since the beginning of the year, and at $32.59 per share, it is trading 30.9% below its 52-week high of $47.13 from October 2025. Investors who bought $1,000 worth of Ruger’s shares 5 years ago would now be looking at an investment worth $531.13.

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Bally's, Brunswick, Compass, RE/MAX, and Cable One Shares Are Soaring, What You Need To Know

Stock Story

What Happened?

A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Casino Operator company Bally's jumped 8.4%. Is now the time to buy Bally's? Access our full analysis report here, it’s free for active Edge members.
Leisure Products company Brunswick jumped 8.2%. Is now the time to buy Brunswick? Access our full analysis report here, it’s free for active Edge members.
Real Estate Services company Compass jumped 7.7%. Is now the time to buy Compass? Access our full analysis report here, it’s free for active Edge members.
Real Estate Services company RE/MAX jumped 8.1%. Is now the time to buy RE/MAX? Access our full analysis report here, it’s free for active Edge members.
Wireless, Cable and Satellite company Cable One jumped 8%. Is now the time to buy Cable One? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Bally's (BALY)

Bally’s shares are extremely volatile and have had 71 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 7 days ago when the stock gained 6.5% on the news that analysts raised their price targets for the stock. Specifically, Truist Securities analyst Barry Jonas increased the firm's price target on Bally's to $18.00 from $13.00, while maintaining a 'Hold' rating on the shares. In a similar move, Macquarie also lifted its price target to $17 from a previous $12, and kept its 'Neutral' rating. These adjustments suggested that while analysts' broader views on the stock were unchanged, they saw greater potential value in the company's shares than before.

Bally's is down 10.8% since the beginning of the year, and at $17.34 per share, it is trading 21.4% below its 52-week high of $22.07 from November 2024.

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Cable One on Track for Record Low Close — Data Talk

Dow Jones Newswires

Cable One

+9.26%

Cable One, Inc. (CABO) is currently at $104.74, down $2.28 or 2.13%

Would be new all-time closing low (Based on available data back to June 11, 2015)
On pace for largest percent decrease since Nov. 13, 2025, when it fell 5.39%
Currently down 15 of the past 16 days
Currently down 12 consecutive days; down 29.49% over this period
Longest losing streak on record (Based on available data back to June 11, 2015)
Worst 12 day stretch since the 12 days ending May 19, 2025, when it fell 41.95%
Down 29.49% month-to-date
Down 71.08% year-to-date; on pace for worst year on record (Based on available data back to June 11, 2015)
Down 95.43% from its all-time closing high of $2293.76 on Dec. 29, 2020
Down 73.69% from 52 weeks ago (Nov. 19, 2024), when it closed at $398.16
Down 75.41% from its 52-week closing high of $425.99 on Nov. 25, 2024
Would be a new 52-week closing low
Traded as low as $102.74; new all-time intraday low (Based on available data back to June 11, 2015)
Down 3.99% at today's intraday low