Liberty Media Corporation Announces Intention to Commence Partial Tender Offer for Shares of Live Nation Common Stock
2010年1月26日 - 11:00PM
PRニュース・ワイアー (英語)
ENGLEWOOD, Colo., Jan. 26 /PRNewswire-FirstCall/ -- Liberty Media
Corporation ("Liberty") today announced its intention to commence a
partial tender offer to purchase up to 34,500,000 shares of the
common stock (NYSE: LYV) of Live Nation Entertainment, Inc. ("Live
Nation") (including the associated share purchase rights), at a
cash purchase price of $12 per share. Liberty, through its
subsidiaries, currently owns approximately 14.6% of the outstanding
shares of Live Nation common stock based on publicly available
stock information. Liberty acquired its Live Nation shares in
exchange for its Ticketmaster Entertainment holdings in the
Ticketmaster-Live Nation merger that closed yesterday. The offer
price represents approximately a 14.2% premium over the closing
sale price on January 25, 2010 of $10.51. If the tender offer is
fully subscribed and completed, Liberty would own approximately
34.9% of the outstanding shares of Live Nation common stock.
Liberty is a party to a stockholder agreement with Live Nation that
permits Liberty to acquire up to 35% of the outstanding shares of
Live Nation. Liberty's purchase of Live Nation common stock in the
tender offer will be for investment purposes. Liberty will
attribute any shares it purchases in the tender offer to its
Liberty Capital group. The Live Nation shares currently owned by
Liberty are attributed to its Liberty Interactive group. The terms
and conditions of the tender offer will be described in an offer to
purchase and related letter of transmittal that will be mailed to
Live Nation stockholders when Liberty commences its tender offer,
which is expected to occur within five business days. The tender
offer will be subject to customary conditions, including receipt of
any required governmental approvals. The tender offer will not be
subject to a financing condition. This press release is neither an
offer to purchase nor a solicitation of an offer to sell shares of
Live Nation. As soon as Liberty commences the tender offer, it will
file a tender offer statement, including an offer to purchase, with
the U.S. Securities and Exchange Commission. Liberty will cause
copies of the offer documents to be mailed to Live Nation's
stockholders. Live Nation stockholders should read the tender offer
documents carefully when they are available because they will
contain important information that shareholders should consider
before deciding whether to tender their shares. Once filed, the
tender offer statement and other filed documents will be available
for free at the SEC's web site (http://www.sec.gov/). Copies of
these documents will also be available for free from the
information agent identified in the offer to purchase after they
are filed with the SEC. About Liberty Media Corporation Liberty
owns interests in a broad range of electronic retailing, media,
communications and entertainment businesses. Those interests are
attributed to three tracking stock groups: (1) the Liberty
Interactive group (NASDAQ:LINTANASDAQ: LINTB), which includes
Liberty's interests in QVC, Provide Commerce, Backcountry.com,
BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2)
the Liberty Starz group (NASDAQ:LSTZANASDAQ:LSTZB), which includes
Liberty's interests in Starz Entertainment and ViaSat, Inc., and
(3) the Liberty Capital group (NASDAQ:LCAPANASDAQ:LCAPB), which
includes all businesses, assets and liabilities not attributed to
the Interactive group or the Starz group including its subsidiaries
Starz Media, LLC, Atlanta National League Baseball Club, Inc., and
TruePosition, Inc., Liberty's interest in SIRIUS XM Radio, Inc.,
and minority equity investments in Time Warner Inc., Time Warner
Cable and Sprint Nextel Corporation. Contact: Courtnee Ulrich
Liberty Media Corporation (720) 875-5420 DATASOURCE: Liberty Media
Corporation CONTACT: Courtnee Ulrich, Liberty Media Corporation,
+1-720-875-5420 Web Site: http://www.libertymedia.com/
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