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Sirius XM | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Sirius XM | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Sirius XM | 425：募資說明/企業合併公告
美股sec公告 ·  06/17 18:20
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On June 16, 2024, Liberty Media Corporation, the parent company of Sirius XM Holdings Inc., announced amendments to its Reorganization Agreement and Merger Agreement, initially dated December 11, 2023. These amendments are related to the planned split-off of Liberty Sirius XM Holdings Inc. ('New Sirius') from Liberty Media and the subsequent merger of New Sirius with Sirius XM Holdings, resulting in Sirius XM Holdings becoming a wholly owned subsidiary of New Sirius. The amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock by 90% post-transaction, aiming to preserve the economics of the deal while improving the trading dynamics and attractiveness of New Sirius common stock to investors. The changes will not affect stockholders' percentage...Show More
On June 16, 2024, Liberty Media Corporation, the parent company of Sirius XM Holdings Inc., announced amendments to its Reorganization Agreement and Merger Agreement, initially dated December 11, 2023. These amendments are related to the planned split-off of Liberty Sirius XM Holdings Inc. ('New Sirius') from Liberty Media and the subsequent merger of New Sirius with Sirius XM Holdings, resulting in Sirius XM Holdings becoming a wholly owned subsidiary of New Sirius. The amendments adjust the exchange ratios to reduce the total number of outstanding shares of New Sirius common stock by 90% post-transaction, aiming to preserve the economics of the deal while improving the trading dynamics and attractiveness of New Sirius common stock to investors. The changes will not affect stockholders' percentage interests in New Sirius, except for adjustments due to fractional shares being paid out in cash. Liberty Media's Board of Directors, the Special Committee of Sirius XM Holdings, and Sirius XM Holdings' Board of Directors have approved the amendments. Liberty Media's Board has recommended that its shareholders vote in favor of the amended Split-Off. Liberty Radio, LLC, a subsidiary holding a majority of Sirius XM Holdings common stock, has consented to the amended Merger Agreement, eliminating the need for a stockholder meeting. The closing of the transactions is expected in the third quarter of 2024.
2024年6月16日，Sirius XM控股公司的母公司自由媒體公司宣佈對其重組協議和合並協議進行了修訂。這些修訂與計劃分拆自由媒體公司和後續合併新天狼星控股公司（“新天狼星”）與Sirius XM控股公司有關，從而使得Sirius XM控股公司成爲新天狼星的全資子公司。修訂調整了交換比率，以降低交易後新天狼星普通股的總流通股數90％，旨在保留交易的經濟效益，並改善新天狼星普通股的交易動態和吸引力，以吸引投資者。這些更改不會影響股東在新天狼星的百分比持股，除了由於碎股支付給現金而進行的調整。自由媒體公司的董事會、Sirius XM控股公司的特別委員會和Sirius XM控股公司的董事會已批准這些修改。自由媒體公司董事會已建議其股東投票支持修改後的分拆。持有大部分Sirius XM控股公司普通股的子公司自由電臺有限責任公司已同意修改後的合併協議，從而消除了股東大會的需要。交易的結束預計在2024年第三季度。
2024年6月16日，Sirius XM控股公司的母公司自由媒體公司宣佈對其重組協議和合並協議進行了修訂。這些修訂與計劃分拆自由媒體公司和後續合併新天狼星控股公司（“新天狼星”）與Sirius XM控股公司有關，從而使得Sirius XM控股公司成爲新天狼星的全資子公司。修訂調整了交換比率，以降低交易後新天狼星普通股的總流通股數90％，旨在保留交易的經濟效益，並改善新天狼星普通股的交易動態和吸引力，以吸引投資者。這些更改不會影響股東在新天狼星的百分比持股，除了由於碎股支付給現金而進行的調整。自由媒體公司的董事會、Sirius XM控股公司的特別委員會和Sirius XM控股公司的董事會已批准這些修改。自由媒體公司董事會已建議其股東投票支持修改後的分拆。持有大部分Sirius XM控股公司普通股的子公司自由電臺有限責任公司已同意修改後的合併協議，從而消除了股東大會的需要。交易的結束預計在2024年第三季度。
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