Liberty Media Lays Out Its Plans To Take Control Of Sirius Xm

In an SEC filing this morning, John Malone’s company says that it will convert enough of its preferred shares in the satellite radio provider into common shares to give it 32% of the total votes. Then “as soon as practicable” it will nominate and campaign for a slate of directors that would constitute a majority of the board.

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  • Liberty Media Lays Out Its Plans To Take Control Of Sirius XM
    In an SEC filing this morning, John Malone’s company says that it will convert enough of its preferred shares in the satellite radio provider into common shares to give it 32% of the total votes. Then “as soon as practicable” it will nominate and ...
    05/31/2012 - 1:33 am | View Link
  • Liberty to Convert Shares to Gain Control of Sirius
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  • Liberty Media Lays Out Its Plans To Take Control Of Sirius XM
    Malone’s company says it plays such a big role at Sirius XM that it already effectively controls the company. FCC staffers rejected that claim early this month; Liberty laid out its new take-over plans in conjunction with its appeal of that decision.
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