Liberty Announces When-Issued Trading, Ex-Dividend Date and Trading Tier Information for Spin-Off of CommerceHub
20 Julio 2016 - 4:35PM
Business Wire
Liberty Interactive Corporation ("Liberty") (Nasdaq: QVCA, QVCB,
LVNTA, LVNTB), announced today that, in connection with its
upcoming spin-off (the "Spin-Off") of its subsidiary CommerceHub,
Inc. ("CH Parent"), it has been advised by Nasdaq that shares of CH
Parent’s Series A and Series C common stock will trade on a
when-issued basis on the Nasdaq Global Market under the symbols
"CHIAV" and "CHIKV", respectively, on July 22, 2016. In addition,
Liberty expects CH Parent’s Series B common stock to be quoted on a
when-issued basis on the OTC Markets under a to-be-determined
symbol on July 22, 2016.
Liberty currently expects that the Spin-Off will be effected
through the distribution, by means of a dividend, of CH Parent
common stock at 5:00 p.m., New York City time, on July 22, 2016 to
holders of Liberty Ventures common stock (the “Distribution”). The
record date for the Distribution was 5:00 p.m., New York City time,
on July 8, 2016. However, because Nasdaq has established July 25,
2016 as the ex-dividend date of the Distribution, and as a result
of related "due bill" trading procedures, persons acquiring shares
of Liberty Ventures common stock in the market through July 22,
2016 will still receive shares of CH Parent common stock in the
Distribution.
Liberty expects that the CH Parent Series A and Series C common
stock will begin trading in the regular way on the Nasdaq Global
Market under the symbols "CHUBA" and "CHUBK," respectively, and
that CH Parent’s Series B common stock will begin quotation in the
regular way on the OTC Markets under the symbol "CHUBB", in each
case, beginning on July 25, 2016. Although it had previously been
expected that CH Parent’s Series A and Series C common stock would
be listed on the “Global Select” tier of Nasdaq, the companies were
recently informed that these series of common stock would instead
be listed on the “Global” tier. The completion of the Spin-Off
remains subject to the satisfaction or waiver, as applicable, of
certain conditions.
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements about the completion of the Spin-Off
and trading and quotation information relating to CH Parent common
stock. These forward-looking statements involve many risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statements, including,
without limitation, Liberty's ability to satisfy the conditions to
the Spin-Off. These forward-looking statements speak only as of the
date of this press release, and Liberty expressly disclaims any
obligation or undertaking to disseminate any updates or revisions
to any forward-looking statement contained herein to reflect any
change in Liberty's expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement
is based. Please refer to the publicly filed documents of Liberty,
including the most recent Forms 10-K and 10-Q, for additional
information about Liberty and about the risks and uncertainties
related to Liberty's business which may affect the statements made
in this press release.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those businesses are
currently attributed to two tracking stock groups: the QVC Group
and the Liberty Ventures Group. The businesses and assets
attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty
Interactive Corporation's subsidiaries, QVC, Inc. and zulily, llc,
and its interest in HSN, Inc., and the businesses and assets
attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB)
consist of all of Liberty Interactive Corporation's businesses and
assets other than those attributed to the QVC Group, including its
interest in Expedia, Liberty Broadband Corporation and FTD, its
subsidiaries Bodybuilding.com, CommerceHub and Evite, and minority
interests in Interval Leisure Group, Time Warner, Lending Tree and
Charter Communications, Inc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160720006488/en/
Liberty Interactive CorporationCourtnee Chun,
720-875-5420
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024