香蕉传媒 Announces Completion of Combination of 香蕉传媒 Starz and 香蕉传媒 Capital Tracking Stocks
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 香蕉传媒 (Nasdaq: LCAPA, LCAPB, LSTZA, LSTZB) (鈥溝憬洞解��) today announced that it completed the elimination of its tracking stock structure by converting (the 鈥淐onversion鈥�) each share of its 香蕉传媒 Starz common stock into 0.88129 of a share of the corresponding series of 香蕉传媒 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 香蕉传媒 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, 香蕉传媒鈥檚 two remaining series of common stock, its Series A and Series B 香蕉传媒 Capital common stock, will trade under the new Nasdaq symbols LMCA and LMCB, respectively, beginning on Tuesday, November 29, 2011.
About 香蕉传媒
香蕉传媒 Media 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.
香蕉传媒
Courtnee Ulrich, 720-875-5420
Source: 香蕉传媒
Released November 28, 2011