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Thread: 12/30/2013-01/5/2014 Will TheDog get off his A$$

  1. #51
    denco1 is online now
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    No sH$T.... what a crappy premium. They raped us for 2 FKG months to hammer it down and do this on the cheap. The silence was indeed deafening and intentional......POS MFKRS

  2. #52
    denco1 is online now
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    What a bunch of SH$T....Dog and Pony show...Meffei is a lying BullSh!ter!!

  3. #53
    Wolf Child is online now
    Buy us for 3.68 and sell us to google for 4.75

    FU Malone

  4. #54
    garys66666 is offline
    from briefing.com...
    4:38 pm Sirius XM Radio: Liberty Media (LMCA) announces proposal to make Sirius XM Holdings a wholly owned subsidiary of Liberty (stock halted) (SIRI) : Liberty Media Corporation (LMCA) announced that it has made a proposal to Sirius XM Holdings (SIRI) that outlines the terms by which Sirius public shareholders would become shareholders of Liberty in a tax-free transaction in which each share of Sirius common stock would be converted into 0.0760 of a new share of Liberty Series C common stock, and, immediately prior to such conversion, Liberty intends to distribute, on a 2:1 basis, shares of Liberty's Series C common stock to all holders of record of Liberty's Series A and B common stock to create a liquid trading market for Liberty's Series C common stock. (The foregoing exchange ratio would be equivalent to a 0.0253 exchange ratio prior to the distribution of the Liberty Series C common stock dividend.) Upon the completion of the proposed transaction, Liberty expects that Sirius' public shareholders would own approximately 39% of Liberty's then-outstanding common stock.

    The Series C common stock would be Liberty's largest and most liquid series of stock. The proposed exchange ratio of 0.0760 would value Sirius common shares at approximately $3.68 per share based on closing prices of Liberty's Series A shares on Friday, January 3, 2014. This exchange ratio represents a 4.5% premium to the exchange ratio implied by the closing prices of Liberty's Series A and Sirius' shares on Thursday, January 2, 2014 and a 3.1% premium to the exchange ratio implied by the closing share prices of Friday, January 3, 2014.
    Liberty Media will host a live webcast today at 5:00 p.m. ET (3:00 p.m. MT) to discuss this announcement.
    "Our proposal will allow Sirius public shareholders to convert from a non-controlling stake in a subsidiary into a direct equity position in Liberty, the parent company," said Greg Maffei, Liberty's President & CEO. "Sirius shareholders will continue to participate in Sirius' future prospects along with Liberty's broader portfolio of businesses and opportunities. We believe the combined company will have better access to capital and all of Liberty's shareholders - both its current shareholders and the Sirius shareholders who become Liberty shareholders as a result of the proposed transaction - will enjoy enhanced liquidity as shareholders of a $27 billion market capitalization company."

  5. #55
    garys66666 is offline
    Hopefully, the special committee (independent directors picked by current SIRI board, so maybe not all that independent) will play hard ball for a higher premium that 3.1%.

  6. #56
    Wolf Child is online now
    Pound SIRI into the dirt so you can steal shares on the cheap AND THEN pay us with Liberty Bucks so you can pound those shares into the ground too?!

    You double dipping pieces o' SHITE!!

    I vote no

  7. #57
    garys66666 is offline
    So what will happened to SP during this period deciding to agree to this or a modified proposal? Stay within the narrow band of $3.55 and $3.68?

  8. #58
    denco1 is online now
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    Quote Originally Posted by Wolf Child View Post
    Pound SIRI into the dirt so you can steal shares on the cheap AND THEN pay us with Liberty Bucks so you can pound those shares into the ground too?!

    You double dipping pieces o' SHITE!!

    I vote no
    I agree Wolf....NO, Not the way they did us for 2 FU%KING months......they are trying to FK US

  9. #59
    denco1 is online now
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    Quote Originally Posted by garys66666 View Post
    So what will happened to SP during this period deciding to agree to this or a modified proposal? Stay within the narrow band of $3.55 and $3.68?
    You never know with these FKG crooks but I just can't see it trading under that POS low ball price.....but then again I didn't see them letting us twist in the wind for over 2 months with this being the intention all along.......FKG CROOKS

  10. #60
    Wolf Child is online now
    Funny how Liberty all of a sudden wants SIRI now that Apple and Google want in the dash.

    Bidding War.

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