This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Liberty Interactive Receives Stockholder Approval For Creation Of Liberty Ventures Tracking Stock; Announces Dividend To Stockholders

Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: LINTA, LINTB) announced that, at the annual meeting of its stockholders held on August 8, 2012 at 10:00 a.m. MT, it received approval from its stockholders to amend and restate its certificate of incorporation in order to create the new Liberty Ventures common stock and make certain related changes to the existing Liberty Interactive common stock.

Accordingly, on Thursday, August 9, 2012, Liberty Interactive intends to distribute (the “distribution”), by means of a dividend, to holders of its Series A and Series B Liberty Interactive common stock as of 5:00 p.m., New York City time, on Thursday, August 9, 2012 (the “record date”), (i) 0.05 of a share of the corresponding series of Liberty Ventures common stock for each share of that series of Liberty Interactive common stock held by such stockholder as of the record date and (ii) 1/3 of a subscription right to purchase one share of Series A Liberty Ventures common stock (a “Series A Right”) for each share of Series A or Series B Liberty Ventures common stock, as applicable, received by such stockholder in the distribution. Cash will be issued in lieu of fractional shares of Liberty Ventures common stock and fractional Series A Rights will be rounded up to the nearest whole right. Although holders of Series A and Series B Liberty Interactive common stock will receive Series A Rights in the distribution, the Series A Rights will not be tradeable until after the per share subscription price is determined and announced.

The creation of the Liberty Ventures common stock, the distribution and the rights offering to follow are subject to the satisfaction of the remaining conditions to these transactions, which are described in detail in the proxy statement/prospectus forming a part of the Registration Statement on Form S-4 filed by Liberty Interactive regarding these transactions (the “Form S-4”). Information regarding the rights offering can also be found in the Form S-4.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs