Market Overview

Liberty Declares Cash Distribution to Holders of 3.5% 2013 Notes on Motorola Mobility Acquisition

Related LINTA
Top 4 NASDAQ Stocks In The Catalog & Mail Order Houses Industry With The Highest Revenue
Liberty Reports Record, Distribution Date, Symbol Info for Spin-Off of Liberty TripAdvisor Holdings

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: LINTA, announced payment of an extraordinary cash distribution to the holders of its 3.5% Senior Exchangeable Debentures due in 2013 (the “Debentures”). This distribution is the result of Google Inc.'s acquisition of Motorola Mobility Holdings Inc. on May 22, 2012 for $40 per share in cash. Pursuant to the indenture covering the Debentures (the “Indenture”), the cash paid to shareholders in the Motorola Mobility Holdings acquisition is to be paid to the holders of the Debentures as an extraordinary distribution. The record date of the distribution by Liberty is June 6, 2012 and the cash payment of $184.096 per Debenture is expected to be made on June 20, 2012, for a total payment of $110.5 million. In accordance with the Indenture, the principal amount of the Debentures is to

Posted-In: News Financing M&A

 

Related Articles (LINTA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters