Liberty Media (LMCA) Files App With FCC for Du Jure Control of Sirius (SIRI)
- Stocks Tank as QE Nears End, Major Fund Winds Down, and Ebola Fears
- Traders Eye Relational Investors Stocks on Wind Down
- David Tepper Talks Bonds, Stocks, Fannie/Freddie, Bill Gross and More
- WI-LAN (WILN) Reports Apple (AAPL) Granted Motion for Summary Judgement in Pending Litigation
- Box (BOX) Delays IPO Until 2015 Given Market Conditions - Reports
On August 17, 2012, Liberty Media Corporation (Nasdaq: LMCA) filed with the Federal Communications Commission an Application for Consent to Transfer of De Jure Control. In the Application, Liberty Media indicates, among other things, that it “intends to purchase sufficient additional shares of Sirius (Nasdaq: SIRI) common stock such that, upon conversion of its Preferred Shares, it will own more than 50% of the total outstanding shares of Sirius….” Liberty Media also noted that it will “have purchased sufficient shares of Sirius’ common stock and will convert its Preferred Shares such that the transfer of control will be completed within 60 days of Commission consent.”
You May Also Be Interested In
- UPDATE: Masimo Corp. (MASI) Wins $466M Verdict in Philips Trial
- Harvard Bioscience (HBIO) Announces Acquisition of Two Life Science Companies
- UPDATE: Yahoo! (YHOO) Active on Chatter
Create E-mail Alert Related CategoriesCorporate News, Mergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!