Liberty Media And Sirius XM Report Completion Of Split-Off And Merger; New Sirius Is Now An Independent Public Company Separate From Liberty Media
Portfolio Pulse from Benzinga Newsdesk
Liberty Media and Sirius XM have completed their split-off and merger, resulting in Sirius XM becoming an independent public company. Sirius XM will trade under the symbol 'SIRI' on the Nasdaq starting September 10, 2024.
September 09, 2024 | 10:04 pm
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NEUTRAL IMPACT
Liberty Media's Liberty Formula One common stock will continue trading following the split-off and merger.
Liberty Media's Liberty Formula One stock continues to trade, indicating stability post-merger. The impact on stock price is neutral as the trading status remains unchanged.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Sirius XM has become an independent public company following its split-off from Liberty Media. It will trade under the symbol 'SIRI' on the Nasdaq starting September 10, 2024.
The completion of the split-off and merger makes Sirius XM an independent entity, which could attract new investors and potentially increase its stock price. The new trading status on Nasdaq under 'SIRI' is a significant change.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100