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Stock Market & Financial Investment News

News Breaks
January 11, 2013
17:20 EDTLMCA, STRZALiberty Media and Starz announce completion of spin-off
Liberty Media Corporation (LMCA) and Starz (STRZA) announced the completion of the spin-off of Liberty from Starz at 5:00 p.m., New York City time. As a result, Liberty and Starz are now separate publicly traded companies. As announced earlier, in connection with the spin-off, Liberty changed its name from "Liberty Spinco, Inc." to "Liberty Media Corporation," and Starz changed its name from "Liberty Media Corporation" to "Starz." Both companies will begin trading regular way on The Nasdaq Stock Market, under the symbols listed above, on January 14. Prior to the spin-off, Starz utilized cash on hand and borrowings under its bank credit facility and distributed an additional $1.2B to Liberty Media Corporation. Starz had previously distributed $600M to Liberty Media. Starz has approximately $450M available to borrow under its bank credit facility after this distribution. Following the spin-off, Liberty will have approximately $450M available under its stock repurchase program, and Starz will have approximately $400M available under its stock repurchase program.
News For LMCA;STRZA From The Last 14 Days
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April 17, 2015
14:06 EDTLMCADOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block Comcastís (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
April 15, 2015
10:00 EDTSTRZAOn The Fly: Analyst Initiation Summary
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09:22 EDTSTRZAStarz initiated with a Buy at Deutsche Bank
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April 14, 2015
07:13 EDTLMCALiberty Media management to meet with UBS
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April 13, 2015
07:22 EDTLMCAWave of media M&A may be on the way, WSJ says
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07:12 EDTLMCALiberty Media management to meet with UBS
Meeting to be held in Paris on April 13 hosted by UBS.

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