Liberty Media Corp. Announces When-Issued Trading and Trading Symbol Information for Spin-off of Liberty Broadband Corporation
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Media Corporation (Nasdaq: LMCA, LMCB, LMCK) (“Liberty Media”) announced today that, in connection with the upcoming spin-off (the “Spin-off”) of its subsidiary Liberty Broadband Corporation (“Liberty Broadband), it has been advised by Nasdaq that shares of Liberty Broadband’s Series A and Series C common stock will trade on a when-issued basis on the Nasdaq Global Select Market under the symbols “LBDAV” and “LBDKV”, respectively, on November 4, 2014. In addition, Liberty Media expects Liberty Broadband’s Series B common stock to be quoted on a when-issued basis on the OTC Markets under the symbol “LBDBV” on November 4, 2014.
The Spin-off will be effected through the distribution, by means of a dividend, of Liberty Broadband common stock at 5:00 p.m., New York City time, on November 4, 2014 to holders of Liberty Media common stock. Liberty Media expects that Liberty Broadband’s Series A and Series C common stock will begin trading in the regular way on the Nasdaq Global Select Market under the symbols “LBRDA” and “LBRDK”, respectively, and that Liberty Broadband’s Series B common stock will begin quotation in the regular way on the OTC Markets under the symbol “LBRDB”, in each case, beginning on November 5, 2014.The completion of the Spin-off remains subject to the satisfaction or waiver, as applicable, of a number of conditions.
About Liberty Media Corporation
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Sirius XM Holdings, Inc., Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Charter Communications and Live Nation, and minority equity investments in Time Warner Inc., Time Warner Cable, and Viacom.
Liberty Media Corporation
Courtnee Ulrich, 720-875-5420
Source: Liberty Media Corporation
Released November 3, 2014