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Sirius XM | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Sirius XM | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Sirius XM | 425:募资说明/企业合并公告
美股SEC公告 ·  06/17 06:20
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On June 16, 2024, Liberty Media Corporation, the parent company of Sirius XM Holdings Inc., announced amendments to its Reorganization Agreement and Merger Agreement, initially dated December 11, 2023. These amendments are related to the planned split-off of Liberty Sirius XM Holdings Inc. ('New Sirius') from Liberty Media and the subsequent merger of New Sirius with Sirius XM Holdings, resulting in Sirius XM Holdings becoming a wholly owned subsidiary of New Sirius. The amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock by 90% post-transaction, aiming to preserve the economics of the deal while improving the trading dynamics and attractiveness of New Sirius common stock to investors. The changes will not affect stockholders' percentage...Show More
On June 16, 2024, Liberty Media Corporation, the parent company of Sirius XM Holdings Inc., announced amendments to its Reorganization Agreement and Merger Agreement, initially dated December 11, 2023. These amendments are related to the planned split-off of Liberty Sirius XM Holdings Inc. ('New Sirius') from Liberty Media and the subsequent merger of New Sirius with Sirius XM Holdings, resulting in Sirius XM Holdings becoming a wholly owned subsidiary of New Sirius. The amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock by 90% post-transaction, aiming to preserve the economics of the deal while improving the trading dynamics and attractiveness of New Sirius common stock to investors. The changes will not affect stockholders' percentage interests in New Sirius, except for adjustments due to fractional shares being paid out in cash. Liberty Media's Board of Directors, the Special Committee of Sirius XM Holdings, and Sirius XM Holdings' Board of Directors have approved the amendments. Liberty Media's Board has recommended that its shareholders vote in favor of the amended Split-Off. Liberty Radio, LLC, a subsidiary holding a majority of Sirius XM Holdings common stock, has consented to the amended Merger Agreement, eliminating the need for a stockholder meeting. The closing of the transactions is expected in the third quarter of 2024.
2024年6月16日,Sirius XM Holdings Inc.的母公司Liberty Media Corporation宣布修订其重组协议和并购协议(最初签署于2023年12月11日)。这些修订与计划中 Liberty Media 将Liberty Sirius XM Holdings Inc.(“New Sirius”)剥离并将New Sirius与Sirius XM Holdings合并有关,导致Sirius XM Holdings成为New Sirius的全资子公司。修订了交换比率,以在交易后减少New Sirius普通股的流通数量达90%,旨在保持交易的经济效益,同时改善New ...展开全部
2024年6月16日,Sirius XM Holdings Inc.的母公司Liberty Media Corporation宣布修订其重组协议和并购协议(最初签署于2023年12月11日)。这些修订与计划中 Liberty Media 将Liberty Sirius XM Holdings Inc.(“New Sirius”)剥离并将New Sirius与Sirius XM Holdings合并有关,导致Sirius XM Holdings成为New Sirius的全资子公司。修订了交换比率,以在交易后减少New Sirius普通股的流通数量达90%,旨在保持交易的经济效益,同时改善New Sirius普通股的交易动态和吸引力以吸引投资者。这些变化不会影响股东在New Sirius的持股比例,但由于股份分数的因素将支付现金。Liberty Media的董事会、Sirius XM Holdings特别委员会和Sirius XM Holdings董事会已批准了这些修订。Liberty Media的董事会已建议其股东赞同修订后的拆分。持有大部分Sirius XM Holdings普通股的子公司Liberty Radio, LLC已同意修订后的并购协议,无需召开股东大会。交易的完成预计在2024年第三季度。
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