Distribution and Impact of Liberty Media Corporation Distribution on the NASDAQ OMX Indexes

By GlobeNewswire,  July 10, 2014, 08:05:00 PM EDT


NEW YORK, July 10, 2014 (GLOBE NEWSWIRE) -- On May 9, 2014, Liberty Media Corporation. (Nasdaq:LMCA) announced the distribution of Class C shares to its stockholders.

NASDAQ OMX is providing the information below to clarify the effect of this distribution on Liberty Media Corporation Class A shares in the NASDAQ OMX indexes.

As a result of this transaction, upon distribution, the Liberty Media Corporation Class C shares will be added to all NASDAQ OMX indexes that contain Liberty Media Corporation Class A shares, including, but not limited to, the NASDAQ-100 Index and the NASDAQ Global Index Family.

This is effective prior to market open on July 24, 2014, the ex-date of the distribution.

In order to best reflect our evolving market, both the Class A shares and the Class C shares of Liberty Media Corporation will remain in the Indexes. This action is being taken to provide for seamless distribution of the new securities, and ensure Index continuity.

Projected Index Timeline

July 24Ex Date:

Prior to market open on Thursday, July 24, 2014, Liberty Media Corporation Class C shares will be added to pertinent NASDAQ OMX indexes, including, but not limited to, the NASDAQ-100 and NASDAQ Global Index Family.

In addition, adjustments will be made to the previous closing price of the Liberty Media Corporation Class A shares, to reflect the pro rata distribution of the Class C shares.

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections about our future financial results, growth, trading volumes, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain strategic, technology, de-leveraging and capital return initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, NASDAQ OMX's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX's website at http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

About NASDAQ OMX Group

NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. NASDAQ OMX makes no recommendation to buy or sell any financial product nor any representation about the financial condition of any company or fund. Statements regarding NASDAQ's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

NDAQG

CONTACT: Media Contact:

         Joe ChristinatNASDAQ OMX
         +1 (646) 441-5121
         +1 (646) 284-5920
         joseph.christinat@nasdaqomx.com

Source: The NASDAQ OMX Group, Inc.

This article appears in: News Headlines

Referenced Stocks: LMCA, NDAQ


Latest News Video

Polls Open in Scotland
Polls Open in Scotland              
How Did Famous King Die?
How Did Famous King Die?            




Most Active by Volume

Company Last Sale Change Net / %
BAC $ 16.77 0.06 ▲ 0.36%
AAPL $ 101.58 0.72 ▲ 0.71%
YHOO $ 42.59 0.12 ▼ 0.28%
MSFT $ 46.52 0.24 ▼ 0.51%
AA $ 16.28 0.12 ▲ 0.74%
QQQ $ 99.53 0.15 ▲ 0.15%
SIRI $ 3.63 0.03 ▲ 0.69%
PBR $ 17.61 0.10 ▲ 0.57%

As of 9/17/2014, 04:15 PM