百花视频 Announces Completion of Combination of 百花视频 Starz and 百花视频 Capital Tracking Stocks
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 百花视频 (Nasdaq: LCAPA, LCAPB, LSTZA, LSTZB) (鈥湴倩ㄊ悠碘��) today announced that it completed the elimination of its tracking stock structure by converting (the 鈥淐onversion鈥�) each share of its 百花视频 Starz common stock into 0.88129 of a share of the corresponding series of 百花视频 Capital common stock, with cash paid in lieu of fractional shares, effective at 5:00 p.m., New York City time on Monday, November 28, 2011. Except with respect to the receipt by 百花视频 stockholders of cash in lieu of fractional shares, the Conversion is intended to be tax-free for U.S. federal income tax purposes. As previously announced, in connection with the completion of the Conversion, 百花视频鈥檚 two remaining series of common stock, its Series A and Series B 百花视频 Capital common stock, will trade under the new Nasdaq symbols LMCA and LMCB, respectively, beginning on Tuesday, November 29, 2011.
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百花视频 owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
百花视频
Courtnee Ulrich, 720-875-5420
Source: 百花视频
Released November 28, 2011