Liberty Interactive Corporation Announces Terms of Rights Offering
08 September 2012 - 7:30AM
Business Wire
Liberty Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA,
LVNTB) announced today that it has determined the per share
subscription price, commencement date and expiration date for its
previously announced rights offering.
On August 9, 2012, in connection with the creation of its new
Liberty Ventures tracking stock, Liberty Interactive distributed
subscription rights to purchase share of Series A Liberty Ventures
common stock (each, a Series A Right). Each whole Series A
Right entitles its holder to subscribe, at a per share subscription
price of $35.99, for one share of Series A Liberty Ventures common
stock pursuant to a basic subscription privilege, and also entitles
the holder to subscribe for additional shares of Series A Liberty
Ventures common stock pursuant to an oversubscription privilege.
The rights offering will commence on Wednesday, September 12, 2012,
and will expire at 5:00 p.m., New York City time, on Tuesday,
October 9, 2012, unless extended by Liberty Interactive
Corporation. Trading in the Series A Rights under the symbol
“LVNAR” is expected to commence on the Nasdaq Global Select Market
on Wednesday, September 12, 2012. Materials relating to the rights
offering, including a copy of the proxy statement/prospectus which
contains important information about Liberty Interactive, the
Series A Liberty Ventures common stock and the rights offering, and
certificates representing the Series A Rights will be distributed
on or about September 12, 2012, to the record date holders who
received Series A Rights in the distribution.
None of Liberty Interactive Corporation, its board of directors
or any committee of its board of directors is making any
recommendation to rightsholders as to whether to exercise or sell
their Series A Rights. This press release is for informational
purposes only and is not an offer to purchase or a solicitation of
an offer to sell shares of Series A Liberty Ventures common stock.
Rights holders should carefully read the proxy statement/prospectus
insofar as it relates to the rights offering before making any
decisions with respect to their Series A Rights.
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.
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