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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 ·  2024/09/04 20:40

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On September 4, 2024, Sirius XM Holdings Inc. and Liberty Media Corporation announced the final exchange ratio for a significant corporate restructuring involving a redemptive split-off and merger. The split-off, scheduled for 4:05 p.m. on September 9, 2024, will see Liberty Media redeeming each outstanding share of its Liberty SiriusXM common stock for 0.8375 of a share of common stock of the newly formed Liberty Sirius XM Holdings Inc. ('New Sirius'). Following this, at 6:00 p.m. on the same day, Radio Merger Sub, LLC, a subsidiary of New Sirius, will merge with Sirius XM, with Sirius XM becoming a wholly owned subsidiary of New Sirius. Shareholders of Sirius XM will receive one-tenth of a share of New Sirius common stock for each...Show More
On September 4, 2024, Sirius XM Holdings Inc. and Liberty Media Corporation announced the final exchange ratio for a significant corporate restructuring involving a redemptive split-off and merger. The split-off, scheduled for 4:05 p.m. on September 9, 2024, will see Liberty Media redeeming each outstanding share of its Liberty SiriusXM common stock for 0.8375 of a share of common stock of the newly formed Liberty Sirius XM Holdings Inc. ('New Sirius'). Following this, at 6:00 p.m. on the same day, Radio Merger Sub, LLC, a subsidiary of New Sirius, will merge with Sirius XM, with Sirius XM becoming a wholly owned subsidiary of New Sirius. Shareholders of Sirius XM will receive one-tenth of a share of New Sirius common stock for each share held, with cash paid in lieu of fractional shares. The transactions will result in the creation of a new public company operating under the Sirius XM name and brand, with its common stock trading on Nasdaq under the ticker symbol 'SIRI' starting September 10, 2024. Post-merger, former holders of Liberty SiriusXM common stock will own approximately 81% of New Sirius, with the remaining 19% owned by former Sirius XM minority stockholders.
2024年9月4日,sirius xm控股公司和自由传媒公司宣布了一项重大的企业重组,涉及转卖拆分和合并的最终交换比率。拆分计划于2024年9月9日下午4点05分进行,自由传媒公司将赎回其每股的全部股份,并以新成立的自由sirius xm控股公司('新sirius')的普通股0.8375股进行赎回。随后,在同一天下午6点,隶属于新sirius的子公司Radio Merger Sub将与sirius xm合并,sirius xm成为新sirius的全资子公司。sirius xm股东将按每股持有份额的十分之一获得一份新sirius普通股,并以现金代替碎股。此次交易将创建一个以sirius xm名称和品牌运营的新上市公司,其普通股将于2024年9月10日开始在纳斯达克交易所上市,交易代码为'SIRI'。合并后,自由sirius xm普通股的现持有人将拥有新sirius约81%的股份,其余19%由以前的sirius xm少数股东持有。
2024年9月4日,sirius xm控股公司和自由传媒公司宣布了一项重大的企业重组,涉及转卖拆分和合并的最终交换比率。拆分计划于2024年9月9日下午4点05分进行,自由传媒公司将赎回其每股的全部股份,并以新成立的自由sirius xm控股公司('新sirius')的普通股0.8375股进行赎回。随后,在同一天下午6点,隶属于新sirius的子公司Radio Merger Sub将与sirius xm合并,sirius xm成为新sirius的全资子公司。sirius xm股东将按每股持有份额的十分之一获得一份新sirius普通股,并以现金代替碎股。此次交易将创建一个以sirius xm名称和品牌运营的新上市公司,其普通股将于2024年9月10日开始在纳斯达克交易所上市,交易代码为'SIRI'。合并后,自由sirius xm普通股的现持有人将拥有新sirius约81%的股份,其余19%由以前的sirius xm少数股东持有。
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