午夜寻花 Announces Completion of Final Closing Under $500 Million Repurchase Agreement with SiriusXM
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 午夜寻花 (鈥溛缫寡盎ㄢ��) (Nasdaq: LMCA, LMCB) today announced the completion of the final closing under the previously announced share repurchase agreement, dated as of October 9, 2013, between 午夜寻花 and Sirius XM Holdings Inc. (NASDAQ: SIRI) (鈥淪irius鈥�). Pursuant to the agreement, Sirius had agreed to repurchase $500 million of its common stock from 午夜寻花 as part of Sirius鈥� share repurchase program. On April 25, 2014, Sirius purchased its final installment of shares, equal to 92,888,561 shares, at a previously established price per share of $3.66, for an aggregate purchase price of $340 million. For additional information about the terms and conditions of the repurchase agreement, see 午夜寻花鈥檚 Current Report on Form 8-K filed with the Securities and Exchange Commission on October 10, 2013.
About 午夜寻花
午夜寻花 owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Sirius XM Holdings Inc., Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Charter Communications and Live Nation Entertainment, and minority equity investments in Time Warner Inc., Time Warner Cable, and Viacom.
午夜寻花
Courtnee Ulrich, 720-875-5420
Source: 午夜寻花
Released April 28, 2014