Sirius XM Holdings Inc (SIRI)

[lasers]

Liberty Buys Open Mkt Owns 48%

Liberty Media buys more shares of Sirius XM 08/15 01:50 AM



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. (Reporting by Sakthi Prasad in Bangalore; Editing by David Cowell)


#####

Form 4 SIRIUS XM RADIO INC. For: Aug 10 Filed by: Liberty Media Corp 08/14 08:15 PM



http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8422205
Filed on: August 14, 2012