- Liberty Media (LMCA +0.8%) has executed its plan to recapitalize into three new tracking stocks, reflecting its interest in the Atlanta Braves and Sirius XM (NASDAQ:SIRI).
- In accordance with its previously announced plan, the company exchanged each share of A-series common stock for: one share of Liberty Sirius XM (LSXMA); 0.1 shares of Liberty Braves (BATRA); and 0.25 shares of Liberty Media A-series common (LMCA).
- All shares go to the corresponding series of stock -- so holders of series C (LMCK) will get LSXMK, BATRK, and LMCK back, for example.
- All series will trade on Nasdaq Global Select, except for Liberty Media series B (OTC:LMCB) and Liberty Braves series B (OTCQB:BATRB), which trade OTC. Trading in the new shares is expected to begin on those markets Monday.
- Now read Sirius XM: Liberty Buyout Is Coming »