Liberty Media LLC Corrects Exchange Ratio Cited in 0.75% Exchangeable Senior Debentures Put Notice Press Release of February 25, 2008
ENGLEWOOD, Colo., Feb. 25 /PRNewswire-FirstCall/ -- In a press release issued earlier today, Liberty Media LLC ("Liberty") (Nasdaq: LINTA, LCAPA, LINTAB, LCAPAB) mistakenly stated that as of the date hereof, each $1,000 principal amount of its 0.75% Exchangeable Senior Debentures due 2023 is exchangeable for the value of 57.0479 shares of Time Warner common stock. The correct exchange value is 57.4079 shares of Time Warner common stock for each $1,000 principal amount.
This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any Debentures. The full details of Liberty's repurchase obligation, including complete instructions on how to surrender Debentures, along with the form of Purchase Notice, are being mailed to holders of Debentures on the date of this press release. Debenture holders should carefully read the Put Notice and Purchase Notice when they are available because they will contain important information.
SOURCE Liberty Media LLC
Released February 25, 2008