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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:14 EDTLMCA, SIRISirius XM to defer stock buyback from Liberty Media until April 25
SiriusXM (SIRI) announced that the special committee of its board has retained Evercore Group to act as its financial advisor and Weil, Gotshal & Manges to act as its legal counsel to assist and advise the special committee in connection with its evaluation of Liberty Media Corporation's (LMCA) proposal to acquire all of the outstanding shares of common stock of SiriusXM not owned by Liberty Media. SiriusXM formed the special committee, comprised entirely of independent directors not affiliated with Liberty Media, following SiriusXM's receipt of Liberty Media's proposal on January 3. The special committee intends to work with its financial and legal advisors to, among other things, review and evaluate whether the Liberty Media proposal is in the best interests of SiriusXM and its stockholders, other than Liberty. In addition, in light of SiriusXM's receipt of Liberty Media's proposal, the special committee has authorized SiriusXM to enter into an agreement with Liberty Media to defer the previously scheduled $240M repurchase of shares of SiriusXM common stock from Liberty Media from January 27 to April 25. As a result of this deferral, SiriusXM will repurchase $340M of its shares of common stock from Liberty Media on April 25 at a price of $3.66 per share.
News For SIRI;LMCA 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 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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