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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.,簡稱SiriusXM,和其子公司連同Liberty Media Corporation一起,對其2023年12月的重組和合並協議進行了修訂。這些修訂調整了交換比率,以減少新Sirius普通股完成交易後未流通的股票總數。具體地說,將減少向自由Sirius XM Common Stock持有人發行的新Sirius股票數量90%,而SiriusXM股東將每持有10股SiriusXM股票,可獲得1股新Sirius股票以及碎股的現金。更改旨在保護交易的經濟,調整股價並有可能增強股票的市場吸引力。此外還計劃將Sirius XM Radi...展開全部
2024年6月16日,Sirius XM Holdings Inc.,簡稱SiriusXM,和其子公司連同Liberty Media Corporation一起,對其2023年12月的重組和合並協議進行了修訂。這些修訂調整了交換比率,以減少新Sirius普通股完成交易後未流通的股票總數。具體地說,將減少向自由Sirius XM Common Stock持有人發行的新Sirius股票數量90%,而SiriusXM股東將每持有10股SiriusXM股票,可獲得1股新Sirius股票以及碎股的現金。更改旨在保護交易的經濟,調整股價並有可能增強股票的市場吸引力。此外還計劃將Sirius XM Radio Inc.轉爲有限責任公司,但須經監管機構批准。交易預計將在2024年第三季度完成,經過自由和SiriusXM的董事會批准,自由電臺LLC的多數股東同意。由於已提供書面同意,不會進行股東大會。修正案在提交給證監會的附錄中詳細說明,是完成擬議的併購和出售交易的更大努力的一部分。
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