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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 06:25
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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 for the upcoming split-off and merger, reducing the number of New Sirius common stock shares to be issued post-transaction. SiriusXM common stockholders will now receive 1 New Sirius share for every 10 SiriusXM shares they own, with fractional shares paid in cash. The changes aim to preserve the transaction's economics, align share prices, and potentially enhance the stock's market appeal. The conversion of Sirius XM Radio Inc. to a limited liability company is also planned, pending 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, eliminating the need for a stockholder meeting. The amendments are detailed in exhibits filed with the SEC.
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 for the upcoming split-off and merger, reducing the number of New Sirius common stock shares to be issued post-transaction. SiriusXM common stockholders will now receive 1 New Sirius share for every 10 SiriusXM shares they own, with fractional shares paid in cash. The changes aim to preserve the transaction's economics, align share prices, and potentially enhance the stock's market appeal. The conversion of Sirius XM Radio Inc. to a limited liability company is also planned, pending 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, eliminating the need for a stockholder meeting. The amendments are detailed in exhibits filed with the SEC.
2024年6月16日,Sirius XM Holdings Inc.(简称SiriusXM)以及其附属机构与Liberty Media Corporation一起对2023年12月的重组和合并协议进行了修正。这些修正调整了即将进行的分拆和合并的交换比率,减少了交易后发行的New Sirius普通股股份数量。现在,SiriusXM普通股股东将以每10股SiriusXM股票拥有1股New Sirius股票,碎股将以现金支付。这些变化旨在保留交易的经济性,统一股价,并可能提高股票的市场吸引力。同时,计划将Sirius XM Radio Inc.转化为有限责任公司,待监管机构批准。交易预计将于2024年第三季度完成,经Liberty和SiriusXM董事会批准以及多数股东同意,无需股东会议。修正案的详细内容已在提交给SEC的附件中说明。
2024年6月16日,Sirius XM Holdings Inc.(简称SiriusXM)以及其附属机构与Liberty Media Corporation一起对2023年12月的重组和合并协议进行了修正。这些修正调整了即将进行的分拆和合并的交换比率,减少了交易后发行的New Sirius普通股股份数量。现在,SiriusXM普通股股东将以每10股SiriusXM股票拥有1股New Sirius股票,碎股将以现金支付。这些变化旨在保留交易的经济性,统一股价,并可能提高股票的市场吸引力。同时,计划将Sirius XM Radio Inc.转化为有限责任公司,待监管机构批准。交易预计将于2024年第三季度完成,经Liberty和SiriusXM董事会批准以及多数股东同意,无需股东会议。修正案的详细内容已在提交给SEC的附件中说明。
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