花都影视 Announces Completion of Final Closing Under $500 Million Repurchase Agreement with SiriusXM
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 花都影视 (鈥溁ǘ加笆逾��) (Nasdaq: LMCA, LMCB) today announced the completion of the final closing under the previously announced share repurchase agreement, dated as of October 9, 2013, between 花都影视 and Sirius XM Holdings Inc. (NASDAQ: SIRI) (鈥淪irius鈥�). Pursuant to the agreement, Sirius had agreed to repurchase $500 million of its common stock from 花都影视 as part of Sirius鈥� share repurchase program. On April 25, 2014, Sirius purchased its final installment of shares, equal to 92,888,561 shares, at a previously established price per share of $3.66, for an aggregate purchase price of $340 million. For additional information about the terms and conditions of the repurchase agreement, see 花都影视鈥檚 Current Report on Form 8-K filed with the Securities and Exchange Commission on October 10, 2013.
About 花都影视
花都影视 owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Sirius XM Holdings Inc., Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Charter Communications and Live Nation Entertainment, and minority equity investments in Time Warner Inc., Time Warner Cable, and Viacom.
花都影视
Courtnee Ulrich, 720-875-5420
Source: 花都影视
Released April 28, 2014