{"id":194160,"date":"2023-09-26T13:39:31","date_gmt":"2023-09-26T13:39:31","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194160"},"modified":"2023-09-26T13:39:31","modified_gmt":"2023-09-26T13:39:31","slug":"liberty-media-proposes-to-combine-with-sirius-xm-holdings-stocks-move-in-premarket","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/liberty-media-proposes-to-combine-with-sirius-xm-holdings-stocks-move-in-premarket\/","title":{"rendered":"Liberty Media Proposes To Combine With Sirius XM Holdings; Stocks Move In Premarket"},"content":{"rendered":"<p> Liberty Media Corp. (LSXMK) announced on Tuesday that it has communicated a proposal to Sirius XM Holdings Inc. (SIRI), an audio <span>entertainment<\/span> company, to combine Liberty SiriusXM tracking stock group or LSXM with SiriusXM. This would create a new consolidated public company, New SiriusXM.<\/p>\n<p>As per the terms of the proposal, Liberty would separate LSXM by means of a redemptive split-off to form SplitCo which would own all the assets and liabilities of LSXM. <\/p>\n<p>The common stockholders of LSXM would receive a number of shares of a single series of common stock of SplitCo, based upon each underlying share of SiriusXM common stock held by SplitCo being exchanged for 1.05 shares of common stock of New SiriusXM.<\/p>\n<p>SplitCo would then combine with SiriusXM to form New SiriusXM. Minority shareholders of SiriusXM would receive shares in New SiriusXM on a one-for-one basis.<\/p>\n<p>Additionally, the minority shareholders would receive a pro rata cash payment based on the amount of the outstanding net debt of LSXM effectively assumed by New SiriusXM in the proposed transaction.<\/p>\n<p>Accordingly, minority shareholders of SiriusXM would own around 16 percent of New SiriusXM and shareholders of LSXM common stock would own approximately 84 percent of New SiriusXM.<\/p>\n<p>The proposed transaction is intended to be tax free and would not result in changes to the Liberty Formula One tracking stock group or the Liberty Live tracking stock group.<\/p>\n<p>In pre-market activity, shares of Liberty Sirius are trading at $25.34, up 11.98% and shares of Sirius XM are trading at $3.60, down 10.22% on Nasdaq. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3392685\/liberty-media-proposes-to-combine-with-sirius-xm-holdings-stocks-move-in-premarket.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liberty Media Corp. (LSXMK) announced on Tuesday that it has communicated a proposal to Sirius&#8230;<\/p>\n","protected":false},"author":4,"featured_media":194159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liberty Media Proposes To Combine With Sirius XM Holdings; Stocks Move In Premarket - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/liberty-media-proposes-to-combine-with-sirius-xm-holdings-stocks-move-in-premarket\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Media Proposes To Combine With Sirius XM Holdings; Stocks Move In Premarket - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Liberty Media Corp. 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