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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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
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