Reuters: Regulatory News: Liberty Media buys more shares of Sirius XM

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Liberty Media buys more shares of Sirius XM Aug 15th 2012, 05:50 Wed Aug 15, 2012 1:50am EDT Aug 15 (Reuters) - Liberty Media Corp has bought more shares of Sirius XM in recent days, a securities filing showed, as the satellite radio operator's biggest shareholder continues to move ahead with its plan to wrest control of the company. Liberty Media, which already held 46.2 percent of Sirius stock, purchased nearly 90 million shares at an average price of $2.50 per share for a total of about $225 million, according to a filing made late on Tuesday with the U.S. Securities and Exchange Commission (SEC). Additionally, the company also agreed to buy about 41 million shares of Sirius through a forward purchase contract that expires in October, according to the filing. The Wall Street Journal had reported that the latest share purchases has increased Liberty's stake in Sirius to 48 percent. Liberty has said in the past that it wants to take over a majority of Sirius' board. Sirius XM said it had not reached an agreement or been informed of Liberty's plans to shake up the board.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions