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Sirius XM | 8-K: Current report

Sirius XM | 8-K: Current report

Sirius XM | 8-K:重大事件
美股sec公告 ·  06/17 06:25
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On June 16, 2024, Sirius XM Holdings Inc., known as SiriusXM, and Liberty Media Corporation, along with its subsidiaries, entered into amendments to their December 2023 Reorganization and Merger Agreements. These amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock post-transaction. Specifically, the number of New Sirius shares to be issued to Liberty SiriusXM Common Stock holders will be reduced by 90%, and SiriusXM stockholders will receive 1 New Sirius share for every 10 SiriusXM shares held, with cash in lieu of fractional shares. The changes aim to preserve the transaction's economics, align share prices post-transaction, and potentially enhance the stock's market appeal. The conversion of Sirius XM Radio Inc. to a limited...Show More
On June 16, 2024, Sirius XM Holdings Inc., known as SiriusXM, and Liberty Media Corporation, along with its subsidiaries, entered into amendments to their December 2023 Reorganization and Merger Agreements. These amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock post-transaction. Specifically, the number of New Sirius shares to be issued to Liberty SiriusXM Common Stock holders will be reduced by 90%, and SiriusXM stockholders will receive 1 New Sirius share for every 10 SiriusXM shares held, with cash in lieu of fractional shares. The changes aim to preserve the transaction's economics, align share prices post-transaction, and potentially enhance the stock's market appeal. The conversion of Sirius XM Radio Inc. to a limited liability company is also planned, subject to regulatory approval. The transaction is expected to close in the third quarter of 2024, with approvals from Liberty's and SiriusXM's Boards of Directors and a majority stockholder consent from Liberty Radio, LLC. No stockholder meetings will be held due to the written consent provided. The amendments are detailed in exhibits filed with the SEC and are part of a larger effort to complete the proposed merger and split-off transactions as soon as practicable.
2024年6月16日,Sirius XM Holdings Inc.(即sirius xm)与Liberty Media Corporation及其子公司对其2023年12月的重组与合并协议进行修订,以调整交换比率,以减少交易后新sirius普通股的总流通股数量。具体而言,将减少向Liberty SiriusXM Common Stock股东发行的New Sirius股票数量90%,而SiriusXM股东将每持有10股SiriusXM股份,即可获得1股New Sirius股票,碎股部分以现金支付。这些变更旨在维护交易的经济效益,使交易后的股价保持一致,并可能增强该股票的市场吸引力。同时,Sir...展开全部
2024年6月16日,Sirius XM Holdings Inc.(即sirius xm)与Liberty Media Corporation及其子公司对其2023年12月的重组与合并协议进行修订,以调整交换比率,以减少交易后新sirius普通股的总流通股数量。具体而言,将减少向Liberty SiriusXM Common Stock股东发行的New Sirius股票数量90%,而SiriusXM股东将每持有10股SiriusXM股份,即可获得1股New Sirius股票,碎股部分以现金支付。这些变更旨在维护交易的经济效益,使交易后的股价保持一致,并可能增强该股票的市场吸引力。同时,Sirius XM Radio Inc将被转换为有限责任公司,须经监管机构批准。预计该交易将在2024年第三季度完成,获得Liberty和SiriusXM董事会批准,并经由Liberty Radio, LLC控股股东同意。由于提供了书面同意,无需举行股东大会,修订详情列于提交给SEC的附表中,属于实现拟议的合并和分离交易计划的大力推进。
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