New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
16:38 EDTLMCA, SIRILiberty Media proposes to make Sirius XM subsidiary of company
Liberty Media (LMCA) announced that it has made a proposal to Sirius XM (SIRI) that outlines the terms by which Sirius public shareholders would become shareholders of Liberty in a tax-free transaction in which each share of Sirius common stock would be converted into 0.0760 of a new share of Liberty Series C common stock, and, immediately prior to such conversion, Liberty intends to distribute, on a 2:1 basis, shares of Liberty’s Series C common stock to all holders of record of Liberty’s Series A and B common stock to create a liquid trading market for Liberty’s Series C common stock. Upon the completion of the proposed transaction, Liberty expects that Sirius’ public shareholders would own approximately 39% of Liberty’s then-outstanding common stock. The proposed exchange ratio of 0.0760 would value Sirius common shares at approximately $3.68 per share based on closing prices of Liberty’s Series A shares on January 3. This exchange ratio represents a 4.5% premium to the exchange ratio implied by the closing prices of Liberty’s Series A and Sirius’ shares on January 2 and a 3.1% premium to the exchange ratio implied by the closing share prices of January 3.
News For LMCA;SIRI From The Last 14 Days
Check below for free stories on LMCA;SIRI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 15, 2014
05:54 EDTSIRIStocks with implied volatility movement; GPRO SIRI
Subscribe for More Information
August 14, 2014
16:54 EDTLMCABerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
12:58 EDTLMCA, SIRIJANA Partners gives quarterly update on stakes
NEW STAKES: Apache (APA), FMC Corp (FMC), Civeo (CVEO), PetSmart (PETM), and Charter Communications (CHTR). INCREASED STAKES: Actavis (ACT), AIG (AIG), Mallinckrodt (MNK), HD Supply (HDS), and American Capital (ACAS). DECREASED STAKES: Liberty (LVNTA), Oil States International (OIS), eBay (EBAY), Liberty Media (LMCA), and Liberty Interactive (LINTA). LIQUIDATED STAKES: Sirius XM (SIRI), Juniper (JNPR), Golar LNG (GLNG), Outerwall (OUTR), and Teva (TEVA).
10:05 EDTLMCAOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:07 EDTSIRI, LMCAMorgan Stanley to hold a conference
Subscribe for More Information
06:18 EDTLMCALiberty Media upgraded to Overweight from Equal-Weight at Evercore
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use