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Liberty Interactive up after closing on rest of HSN

Published 01/02/2018, 02:31 PM
© Reuters.  Liberty Interactive up after closing on rest of HSN
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  • Liberty Interactive (QVCA +1.8%) is headed into 2018 with the completion of its acquisition of the rest of HSN (NASDAQ:HSNI).
  • The company has officially taken control of the 62% it didn't already have, and HSNI shares have stopped trading on Nasdaq.
  • Liberty had sealed a $2.6B deal for the acquisition last July.
  • HSNI shareholders outside of Liberty Interactive got 1.65 shares of Series A QVC Group common stock for each HSNI share, with cash in lieu of fractional shares. Liberty Interactive ended up issuing 53.6M shares of Series A QVC common stock.
  • Those former HSNI shareholders have taken 11.1% of QVC Group's undiluted equity and 7.2% of undiluted voting power.
  • After a transaction between Liberty Interactive and General Communication closes, Liberty Ventures will split off and QVC Group will become an asset-backed stock.
  • Now read: Overstock: The Perfect Stock Blockchain Play


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