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May 22, 2012
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| 16:36 EDT |  | LINTA |
| theflyonthewall.com: | Liberty Interactive announces extraordinary cash distribution on debentures | | Liberty Interactive, a subsidiary of Liberty Interactive,announced payment of an extraordinary cash distribution to the holders of its 3.5% Senior Exchangeable Debentures due in 2013.This distribution is the result of Google Inc.’s acquisition of Motorola Mobility Holdings Inc. on May 22 for $40 per share in cash. Pursuant to the indenture covering the Debentures, the cash paid to shareholders in the Motorola Mobility Holdings acquisition is to be paid to the holders of the Debentures as an extraordinary distribution. The record date of the distribution by Liberty is June 6 and the cash payment of $184.096 per Debenture is expected to be made on June 20, for a total payment of $110.5M. :theflyonthewall.com |
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