The newly forged company promises a landscape of equality: no single majority stockholder, a uniform class of shares, and a board dominated by independent directors.
SiriusXM To Merge With Liberty Media : A Visionary at the Helm
Greg Maffei, the visionary CEO of Liberty, is poised to chair this new conglomerate. Maffei hailed the merger as a “crucial juncture” in Liberty’s stewardship of SiriusXM. He foresees this fusion as a catalyst for shareholder value, enhancing liquidity and offering direct participation in SiriusXM’s future triumphs.
SiriusXM To Merge With Liberty Media : A Stockholder’s Dream
Under this agreement, SiriusXM’s current stockholders will transition seamlessly, receiving an equivalent share in the new entity. Additionally, holders of various series of the SiriusXM tracking stock group will be duly compensated, with adjustments for specific liabilities. This restructured SiriusXM stock is set to continue its journey on the Nasdaq Global Select Market.
Unanimous Endorsement and a Bright Future
This transaction has won unanimous endorsement from the boards of Liberty and SiriusXM, including the special committee. Completion is anticipated in the third quarter of 2024.
