If you remain a Sirius shareholder and have concerns about the proposed combination, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/sirius-xm/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
Why is there an investigation?
On
In the proposed deal, Liberty would separate LSXM by means of a redemptive split-off of a newly formed subsidiary of Liberty (“SplitCo”), which would own all of the assets and liabilities attributed to LSXM.
In the split-off, holders of each series of LSXM stock would receive a number of shares of a single series of stock of SplitCo to be calculated based upon each underlying share of
Under the proposed combination, minority shareholders of Sirius would collectively own approximately 16% of New SiriusXM, and the previous holders of LSXM common stock would own the remaining 84%.
Minority shareholders of Sirius would also receive a pro rata cash payment to be calculated based upon the amount of outstanding net debt of LSXM, which will be assumed by New SiriusXM in the proposed deal.
“While the complex terms of the combination have only been proposed at this time, we are investigating whether the proposed combination would be fair to Sirius stockholders, especially in light of the involvement of a Special Committee,” explained
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