Liberty Media Corporation Announces Completion of Combination of Liberty Starz and Liberty Capital Tracking Stocks
29 Novembre 2011 - 12:34AM
Business Wire
Liberty Media Corporation (Nasdaq: LCAPA, LCAPB, LSTZA, LSTZB)
(“Liberty”) today announced that it completed the elimination of
its tracking stock structure by converting (the “Conversion”) each
share of its Liberty Starz common stock into 0.88129 of a share of
the corresponding series of Liberty Capital common stock, with cash
paid in lieu of fractional shares, effective at 5:00 p.m., New York
City time on Monday, November 28, 2011. Except with respect to the
receipt by Liberty stockholders of cash in lieu of fractional
shares, the Conversion is intended to be tax-free for U.S. federal
income tax purposes. As previously announced, in connection with
the completion of the Conversion, Liberty’s two remaining series of
common stock, its Series A and Series B Liberty Capital common
stock, will trade under the new Nasdaq symbols LMCA and LMCB,
respectively, beginning on Tuesday, November 29, 2011.
About Liberty Media Corporation
Liberty Media owns interests in a broad range of media,
communications and entertainment businesses, including its
subsidiaries Atlanta National League Baseball Club, Inc. and
TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live
Nation and Barnes & Noble, and minority equity investments in
Time Warner Inc. and Viacom.
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