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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 06:25
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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與Liberty Media Corporation及其子公司修改了2023年12月的重組和合並協議。這些修改調整了即將進行的分拆和合並的交換比率,減少了交易後發行的新sirius common stock的股份數量。sirius xm普通股股東現在將爲每10股sirius xm股票持有的1股新sirius股票,碎股以現金支付。這些修改的目的是維護交易的經濟性,調整股票價格,可能提升股價的市場吸引力。sirius xm radio有限責任公司的轉換也在計劃中,待監管機構批准。預計交易將於2024年第三季度完成,獲得Liberty和sirius xm董事會的批准以及多數股東同意,無需股東大會。修改情況已在提交給美國證券交易委員會的展示文件中詳細說明。
2024年6月16日,sirius xm與Liberty Media Corporation及其子公司修改了2023年12月的重組和合並協議。這些修改調整了即將進行的分拆和合並的交換比率,減少了交易後發行的新sirius common stock的股份數量。sirius xm普通股股東現在將爲每10股sirius xm股票持有的1股新sirius股票,碎股以現金支付。這些修改的目的是維護交易的經濟性,調整股票價格,可能提升股價的市場吸引力。sirius xm radio有限責任公司的轉換也在計劃中,待監管機構批准。預計交易將於2024年第三季度完成,獲得Liberty和sirius xm董事會的批准以及多數股東同意,無需股東大會。修改情況已在提交給美國證券交易委員會的展示文件中詳細說明。
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