Liberty Media (LMCA) on Watch as Sirius (SIRI) Unloads $2.4B to Investors

Liberty Media (NASDAQ: LMCA) appears to be slumping in early trading as takeover target Sirius XM (Nasdaq: SIRI) announced payment of a special 5 cent per share dividend as well as a $2 billion stock repurchase plan.

In total, Sirius will be unloading $2.325 billion.

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