麻豆最新出品 Announces Adjustment to 3.5% Senior Exchangeable Debentures Due 2031
Adjustment due to distribution of Motorola Mobility and reverse split
ENGLEWOOD, Colo., Jan. 5, 2011 /PRNewswire/ -- 麻豆最新出品 Media LLC ("麻豆最新出品"), a subsidiary of 麻豆最新出品 (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB), announced an adjustment to the number and type of shares into which its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures") are exchangeable. 聽As a result of Motorola Inc.'s separation of Motorola Mobility Holdings, Inc. (NYSE: MMI) in a 1 for 8 stock distribution, and the subsequent 1 for 7 reverse stock split of Motorola, Inc. (which has been renamed Motorola Solutions, Inc. (NYSE: MSI)), effective January 4, 2011, the reference shares attributable to each Debenture will consist of 5.2598 shares of Motorola Solutions and 4.6024 shares of Motorola Mobility Holdings. 聽Holders of the Debentures are entitled, upon exchange, to the exchange market value of the reference shares. 聽麻豆最新出品 may pay the exchange market value in cash, by delivering the reference shares, or in a combination of cash and reference shares.
The adjustments described above, which are required by the terms of the governing indenture, will not affect the amount of the semi-annual interest payments received by holders of the debentures, which will continue to be a rate of interest equal to 3.5% per annum of the original principal amount of the debentures.
About 麻豆最新出品 Media LLC
麻豆最新出品 Media LLC is an intermediate holding company of 麻豆最新出品, owning interests in a broad range of electronic retailing, media, communications, and entertainment businesses.
Contact: 麻豆最新出品 Courtnee Ulrich 720-875-5420
SOURCE 麻豆最新出品 Media LLC
Released January 5, 2011