麻豆app Announces Completion of Combination of 麻豆app Starz and 麻豆app Capital Tracking Stocks
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆app (Nasdaq: LCAPA, LCAPB, LSTZA, LSTZB) (鈥溌槎筧pp鈥�) today announced that it completed the elimination of its tracking stock structure by converting (the 鈥淐onversion鈥�) each share of its 麻豆app Starz common stock into 0.88129 of a share of the corresponding series of 麻豆app Capital common stock, with cash paid in lieu of fractional shares, effective at 5:00 p.m., New York City time on Monday, November 28, 2011. Except with respect to the receipt by 麻豆app stockholders of cash in lieu of fractional shares, the Conversion is intended to be tax-free for U.S. federal income tax purposes. As previously announced, in connection with the completion of the Conversion, 麻豆app鈥檚 two remaining series of common stock, its Series A and Series B 麻豆app Capital common stock, will trade under the new Nasdaq symbols LMCA and LMCB, respectively, beginning on Tuesday, November 29, 2011.
About 麻豆app
麻豆app Media owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
麻豆app
Courtnee Ulrich, 720-875-5420
Source: 麻豆app
Released November 28, 2011