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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:21 EDTLMCALiberty Media: Series C stock to trade under 'LMCKV' from July 8-July 23
Liberty Media has been advised by Nasdaq that, in connection with Liberty’s upcoming issuance of shares of its Series C common stock by means of a dividend the Series C common stock will trade on a when-issued basis on the Nasdaq Global Select Market under the symbol “LMCKV” from July 8 though July 23. Shares of Series C common stock are expected to be issued to holders of record of Liberty’s Series A common stock and Series B common stock on July 7. However, because Nasdaq has established July 24 as the ex-dividend date for the Dividend, and as a result of related “due bill” trading procedures, persons acquiring shares of Liberty’s Series A common stock and Series B common stock in the market through July 23 will still receive shares of Series C common stock in the Dividend. Liberty currently anticipates that the payment date for the Dividend will be on July 23. Liberty expects that the Series C common stock will begin trading in the regular way on the Nasdaq Global Select Market under the symbol “LMCK” beginning on July 24.
News For LMCA From The Last 14 Days
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January 28, 2016
05:44 EDTLMCASpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link

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