FWONA - Liberty Media To Put Sirius XM Stake To Work
Liberty Media (LSXMA) (LSXMB) (LSXMK) (BATRA) (BATRK) (FWONA) (FWONK) announced on March 1st that it will be offering $400 million in aggregate principal senior debentures possibly exchangeable for Sirius XM (SIRI) stock. The deal could go as high as $460 million if the purchasers exercise their full rights under the proposal. Liberty will hold the option on whether to exchange Sirius XM stock, the cash value of said stock, or Liberty Sirius XM "C" series stock which trades under