Liberty Media Corporation Announces Preliminary Results of Tender Offer
06 4월 2007 - 11:00PM
PR Newswire (US)
ENGLEWOOD, Colo., April 6 /PRNewswire-FirstCall/ -- Liberty Media
Corporation (NASDAQ:LCAPA) ("Liberty") announced today the
expiration of its modified dutch auction self-tender offer to
purchase up to 8,849,500 shares of its Liberty Capital Series A
common stock. The tender offer expired at 5:00 p.m., New York City
time, on April 5, 2007. Based on the preliminary tabulation by the
depositary, the tender offer was oversubscribed and the purchase
price for the tender offer is $113.00 per share. Liberty also
announced that it intends to exercise its right to purchase up to
an additional 2% of its outstanding LCAPA shares in the tender
offer without extending the tender offer. Accordingly, Liberty
expects to purchase approximately 11.5 million LCAPA shares at a
purchase price of $113.00 per share, in accordance with the terms
and conditions of the tender offer. Because the tender offer was
oversubscribed, the number of LCAPA shares that Liberty will
purchase from each stockholder that tendered LCAPA shares within
the purchase price range for the tender offer will be pro-rated,
subject to the odd-lot and conditional tender provisions of the
tender offer. After the depositary verifies the actual number of
LCAPA shares validly tendered and not withdrawn, including shares
tendered pursuant to guaranteed delivery procedures, and the
purchase price at which such LCAPA shares were tendered, Liberty
will promptly announce the actual number of LCAPA shares tendered
and not withdrawn, the proration factor applicable to the tender
offer and the purchase price for LCAPA shares properly tendered and
not withdrawn. Promptly after such announcement, the depositary
will issue payment for the LCAPA shares validly tendered and
accepted for purchase under the tender offer and will return all
other LCAPA shares tendered. It is currently expected that the
final proration factor and the final purchase price, in each case,
applicable for the tender offer, will be announced on or about
April 12, 2007 and that payment for all LCAPA shares purchased will
be made promptly thereafter. About Liberty Media Corporation
Liberty Media Corporation owns a broad range of electronic
retailing, media, communications and entertainment businesses and
investments. Those interests are attributed to two tracking stock
groups: the Liberty Interactive group, which includes Liberty's
interests in QVC, Provide Commerce, IAC/InterActiveCorp, and
Expedia, and the Liberty Capital group, which includes Liberty's
interests in Starz Entertainment, News Corporation, and Time
Warner. For more information, please see
http://www.libertymedia.com/. DATASOURCE: Liberty Media Corporation
CONTACT: John Orr of Liberty Media, +1-720-875-5622 Web site:
http://www.libertymedia.com/
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