Liberty Media And Sirius XM Announce Final Exchange Ratio For Split-Off; Liberty SiriusXM Shareholders To Receive 0.8375 Shares Of New Sirius Stock Per Share, Merger To Follow Creating New Public Company Trading Under "SIRI"
Portfolio Pulse from Benzinga Newsdesk
Liberty Media and Sirius XM have announced the final exchange ratio for their split-off, where Liberty SiriusXM shareholders will receive 0.8375 shares of new Sirius stock per share. This will be followed by a merger creating a new public company trading under the symbol 'SIRI'.
September 04, 2024 | 12:20 pm
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Liberty SiriusXM shareholders will receive 0.8375 shares of new Sirius stock per share as part of the split-off and merger.
The exchange ratio and subsequent merger are significant corporate actions that will directly impact LSXMA shareholders, likely leading to a positive short-term impact on the stock due to the creation of a new public company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
A new public company will be created under the symbol 'SIRI' following the merger with Liberty SiriusXM.
The merger and creation of a new public company under the 'SIRI' symbol is a major event, likely to positively influence the stock due to potential synergies and increased market presence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100