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Stock Market & Financial Investment News

News Breaks
January 11, 2013
17:20 EDTSTRZA, LMCALiberty 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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July 30, 2015
10:00 EDTSTRZAOn The Fly: Analyst Upgrade Summary
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08:30 EDTSTRZA, STRZAStarz upgraded to Buy from Outperform at CLSA
CLSA upgraded Starz to Buy from Outperform and maintained its price target of $54 based on the recent selloff in shares.
July 29, 2015
07:33 EDTSTRZAStarz reports Q2 EPS 59c, consensus 66c
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July 20, 2015
17:18 EDTLMCAD. E. Shaw & Co reports 5.1% passive stake in Liberty Media
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