CoBank suit wins TRO blocking Cable One Mega Broadband buyout

Bitget2026/10/12 10:30

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A US federal judge in Manhattan issued a temporary restraining order on Oct. 9, 2026 blocking its planned Mega Broadband acquisition.
CoBank sued, alleging paying the purchase price for the remaining 55% stake would be a constructive fraudulent transfer.
CoBank is seeking an injunction to stop closing; the order was entered before any hearing involving Cable One.
The deal agreement allows the company to delay closing while any legal restraint remains in effect.
Proposed refinancing of $2.45 billion of obligations is also contingent on resolving the restraining order.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cable ONE Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610120630BIZWIRE_USPR_____20261012_BW763569) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoBank suit wins TRO blocking Cable One Mega Broadband buyout

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