Liberty Media Corporation - LMC.A and LMC.B Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Liberty Media Corporation - LMC.A and LMC.B

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (49)	3/2/2004 11:10:38 AM
From: Glenn Petersen	Read Replies (1) of 61

Liberty to Swap Shares, Cut Malone's Control latimes.com From Bloomberg News Liberty Media Corp., the media investment company controlled by John Malone, will do a stock swap with the heirs of Tele-Communications Inc.'s late founder, Bob Magness, reducing Malone's voting control of Liberty. Liberty will exchange 105 million Class A common shares, worth $1.2 billion at Liberty's Monday closing price, for the Magness family's Class B shares. Malone, 62, has voting rights over those shares as part of a 1998 agreement with the family. The transaction will cut Malone's voting power in Englewood, Colo.-based Liberty to 28% from 43%, the company said. The exchange will give more control to outside investors and simplify Liberty's structure, an analyst said. Liberty Class A shares rose 6 cents to $11.46 on the New York Stock Exchange.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next