Liberty Media and Sirius XM Announce Final Exchange Ratio for the Split-Off Transactions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Should l Buy ?
Source: Businesswire
Liberty Media and Sirius XM Split-Off Announcement: Liberty Media Corporation and Sirius XM Holdings Inc. announced a redemptive split-off of Liberty Sirius XM Holdings Inc. (New Sirius) scheduled for September 9, 2024, where existing shares of Liberty SiriusXM common stock will be exchanged for shares of New Sirius.
Merger Details: Following the split-off, a subsidiary of New Sirius will merge with Sirius XM, resulting in a new public company operating under the Sirius XM brand, with approximately 81% of New Sirius shares expected to be owned by former Liberty SiriusXM shareholders and 19% by former Sirius XM minority stockholders.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
