Liberty Interactive Corp. Announces Final Results of Rights Offering
October 16 2012 - 7:30AM
Business Wire
Liberty Interactive Corporation (NASDAQ: LINTA, LINTB, LVNTA,
LVNTB) (“Liberty”) announced today the final results of its
completed rights offering, which expired in accordance with its
terms at 5:00 p.m., New York City time, on October 9, 2012.
Liberty has been informed by the subscription agent that basic
subscription privileges were properly exercised for 8,918,721
shares of Series A Liberty Ventures common stock (“LVNTA”).
Following the allocation of shares to rightsholders exercising
their basic subscription privilege, 202,652 shares of LVNTA were
available for allocation among those who properly exercised their
oversubscription privilege. The proration factor used for these
oversubscription allocations is estimated to be approximately 3.5%.
This means that each rightsholder who properly exercised its
oversubscription privilege was allocated for oversubscription up to
approximately 3.5% of the shares subject to its related basic
subscription (or such lesser number of shares for which such
rightsholder actually oversubscribed).
Liberty expects the subscription agent to distribute the shares
purchased in the rights offering, the refund checks for unfulfilled
oversubscriptions and the checks for the sale of proceeds of rights
sold by the subscription beginning on or about Tuesday, October 16,
2012.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those interests are
currently attributed to two tracking stock groups: Liberty
Interactive Group and Liberty Ventures Group. The Liberty
Interactive Group (Nasdaq: LINTA, LINTB) is primarily focused on
digital commerce and consists of Liberty Interactive Corporation's
subsidiaries Backcountry.com, Bodybuilding.com, Celebrate
Interactive (including Evite and Liberty Advertising), CommerceHub,
MotoSport, Provide Commerce, QVC, Right Start, and Liberty
Interactive Corporation's interests in HSN and Lockerz. The Liberty
Ventures Group (Nasdaq: LVNTA, LVNTB) consists of Liberty
Interactive Corporation's non-consolidated assets, including
interests in AOL, Expedia, Interval Leisure Group, Time Warner,
Time Warner Cable, Tree.com (Lending Tree), TripAdvisor and various
green energy investments.
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ): 0 recent articles
More News Articles