Mergers & AcquisitionsMedium•12 October 2026•
1 min read
US Court Halts Cable One Acquisition of Mega Broadband via TRO
Key Facts
1A U.S. District Court issued a temporary restraining order prohibiting Cable One from acquiring the remaining 55% stake in Mega Broadband Investments.
2The legal action was initiated by CoBank, ACB, a lender under the company's existing credit agreement.
A U.S. District Court issued a temporary restraining order prohibiting Cable One from acquiring the remaining 55% stake in Mega Broadband Investments. Business Wire reported that the legal action was initiated by CoBank, ACB, acting as a lender under the company's existing credit agreement to block the transaction.
CABO closed at $11.14 on October 9, 2026, prior to the court-ordered pause on the acquisition. The company now faces significant execution risks and uncertainty as it navigates the legal dispute with its lender regarding the terms of its credit agreement.