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Monday, September 9, 2024
Equity Corporate Actions Alert #2024 - 421
(UPDATED: Finalized notice) Information regarding the split-off transaction for Liberty Media Corp and Sirius XM Holdings Inc. (SIRI)
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On December 12, 2023, Liberty Media Corporation and Sirius XM Holdings Inc. (SIRI) announced a redemptive split-off of Liberty Sirius XM Holdings Inc. ("New Sirius") which became effective at 4:05 PM ET on September 9, 2024. As a result of the Split-Off, Liberty Media will redeem each existing share of its Series A Liberty SiriusXM Common Stock (LSXMA), Series B Liberty SiriusXM Common Stock (LSXMB), and Series C Liberty SiriusXM Common Stock (LSXMK). The suspension details are as follows:
Following the split off, a wholly-owned subsidiary of New Sirius will merge with Sirius XM Holdings Inc., and Sirius XM Holdings Inc. will change its name to SiriusXM Holdings Inc. The current shareholders will receive one (1) SiriusXM Holdings Inc. New in exchange for every ten (10) shares of Sirius XM Holdings Inc. (SIRI) held prior to the effectiveness of the merger which will automatically become effective at 6:00 PM EST on September 9, 2024. The changes will be effective at the open of business on Tuesday, September 10, 2024.
For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523. If you would like to register as a market maker in SIRI, contact Nasdaq Trading Services at +1 212 231 5100. |
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