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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:募資說明/企業合併公告
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控股的母公司Liberty Media Corporation宣佈修改了重組協議和併購協議,這些協議最初是在2023年12月11日簽訂的。這些修改與計劃中的Liberty Sirius XM控股公司('新Sirius')從Liberty Media中分離以及隨後將新Sirius合併到Sirius XM控股公司有關,最終導致Sirius XM控股成爲新Sirius的全資子公司。這些修改調整了交換比例,以使新Sirius普通股的總流通股數在交易後減少90%,旨在保持交易的經濟效益並提高新Sirius普通股的交易動態和吸引力。這些修改不會影響股東在新Siriu...展開全部
2024年6月16日,Sirius XM控股的母公司Liberty Media Corporation宣佈修改了重組協議和併購協議,這些協議最初是在2023年12月11日簽訂的。這些修改與計劃中的Liberty Sirius XM控股公司('新Sirius')從Liberty Media中分離以及隨後將新Sirius合併到Sirius XM控股公司有關,最終導致Sirius XM控股成爲新Sirius的全資子公司。這些修改調整了交換比例,以使新Sirius普通股的總流通股數在交易後減少90%,旨在保持交易的經濟效益並提高新Sirius普通股的交易動態和吸引力。這些修改不會影響股東在新Sirius中的持股比例,但會因支付現金而導致碎股的調整。 Liberty Media的董事會,Sirius XM控股的特別委員會以及Sirius XM控股的董事會已經批准了這些修改。 Liberty Media的董事會建議其股東投票贊同修改後的分拆計劃。擁有Sirius XM控股普通股大部分股份的子公司Liberty Radio,LLC已同意修改後的併購協議,消除了股東大會的需要。交易的關閉預計在2024年第三季度進行。
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