Liberty Interactive Corporation LINTAannounced
today that it has determined the per share subscription price, commencement
date and expiration date for its previously announced rights offering.
On August 9, 2012, in connection with the creation of its new Liberty Ventures
tracking stock, Liberty Interactive distributed subscription rights to
purchase share of Series A Liberty Ventures common stock (each, a Series A
Right). Each whole Series A Right entitles its holder to subscribe, at a per
share subscription price of $35.99, for one share of Series A Liberty Ventures
common stock pursuant to a basic subscription privilege, and also entitles the
holder to subscribe for additional shares of Series A Liberty Ventures common
stock pursuant to an oversubscription privilege. The rights offering will
commence on Wednesday, September 12, 2012, and will expire at 5:00 p.m., New
York City time, on Tuesday, October 9, 2012, unless extended by Liberty
Interactive Corporation. Trading in the Series A Rights under the symbol
“LVNAR” is expected to commence on the Nasdaq Global Select Market on
Wednesday, September 12, 2012. Materials relating to the rights offering,
including a copy of the proxy statement/prospectus which contains important
information about Liberty Interactive, the Series A Liberty Ventures common
stock and the rights offering, and certificates representing the Series A
Rights will be distributed on or about September 12, 2012, to the record date
holders who received Series A Rights in the distribution.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in