Liberty Media (LMCA) Files App With FCC for Du Jure Control of Sirius (SIRI)
- Top 10 News for 03/03 - 03/07: Russia/Ukraine Tension Shakes Markets; Safeway Gets Official Bid; Bitcoin Founder 'Found'
- Icahn Plans to Use Facebook, Along with Twititer and Website to Communicate
- Nonfarm Payrolls Rose 175K in Feb., Led by Gains in Trade, Services
- Coupons.com (COUP) IPO Surges Higher
- Tesla (TSLA) Cuts Model S Price in Europe
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: Imminent T-Mobile (TMUS) Sale Unlikely - Deutsche Telekom CEO (S)
- UPDATE: InterMune Inc. (ITMN) Said to Attract Takeover Interst - Reuters
- Medtronic (MDT) Wins Patent Case vs. Edwards (EW) in Europe
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!