Deutsche Bank Publishes Report on LCAPA, LSTZA

In its report, Deutsche Bank writes, “For the first time in memory, Liberty Capital is a simple entity, with a simple capital structure and a clear strategic outlook. With this in mind we expect LCAPA to trade to a low discount to asset value once any volume has been cleaned up from any Starz shareholders selling due to the Starz-LCAPA combination. We see $99 of sum-of-the-parts equity value (based on marked-to-market valuations) and our 6% overall discount (15% on public and private assets ex-SIRI) yields a $93 target price.” Companies mentioned in the Deutsche Bank report are: Liberty Capital

, Liberty Starz