Liberty Announces Record and Proposed Distribution Dates and Symbol Information for Spin-off of CommerceHub
June 28 2016 - 4:35PM
Business Wire
Liberty Interactive Corporation ("Liberty") (Nasdaq: QVCA, QVCB,
LVNTA, LVNTB) announced today the record date and proposed
distribution date in connection with its upcoming spin-off (the
"Spin-off") of its subsidiary CommerceHub, Inc. ("CH Parent"). The
record date is 5:00 p.m., New York City time, on July 8, 2016 (such
date and time, the "record date") and the proposed distribution
date is 5:00 p.m., New York City time, on July 13, 2016 for the
distribution, by means of a dividend, of shares of CH Parent common
stock to effect the Spin-off. In the Spin-off, Liberty will
distribute (the "Distribution") to holders of its Series A and
Series B Liberty Ventures common stock (i) 0.1 of a share of the
corresponding series of CH Parent common stock and (ii) 0.2 of a
share of CH Parent Series C common stock, in each case, for each
share of Liberty Ventures common stock held as of the record
date.
Liberty expects that the CH Parent Series A and Series C common
stock will begin trading in the "regular way" on the Nasdaq Global
Select Market under the symbols "CHUBA" and "CHUBK," and that the
CH Parent Series B common stock will be quoted on the OTC Markets
under the symbol "CHUBB," in each case, beginning on July 14,
2016.
The completion of the Spin-off remains subject to the
satisfaction or waiver, as applicable, of a number of conditions.
Additional information relating to the Spin-off, including the
ex-dividend date of the Distribution, will be announced once
available.
About Liberty Interactive
Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those businesses are
currently attributed to two tracking stock groups: the QVC Group
and the Liberty Ventures Group. The businesses and assets
attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty
Interactive Corporation's subsidiaries, QVC, Inc. and zulily, llc,
and its interest in HSN, Inc., and the businesses and assets
attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB)
consist of all of Liberty Interactive Corporation's businesses and
assets other than those attributed to the QVC Group, including its
interest in Expedia, Interval Leisure Group and FTD, its
subsidiaries Bodybuilding.com, CommerceHub and Evite, and minority
interests in Time Warner, Liberty Broadband Corporation, Lending
Tree and Charter Communications, Inc.
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