OREANDA-NEWS. July 04, 2016. Liberty Interactive Corporation has announced a spin-off of its subsidiary CommerceHub, Inc. to the holders of its Series A Liberty Ventures & Series B Liberty Ventures common stock. A when-issued market will be established for CommerceHub, Inc. Class A & Class C Common Stock (CHIAV & CHIKV). CommerceHub, Inc. ClassB Common Stock will not be listed on Nasdaq and is expected to be quoted over the counter
The details of this distribution are as follows:
Company: |
Liberty Interactive Corporation |
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Issue: |
Series A Liberty Ventures Common Stock |
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CUSIP: |
53071M880 |
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Symbol: |
LVNTA |
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Record Date: |
July 8, 2016 |
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Payment Date: |
July 13, 2016 |
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EX Date: |
TBA |
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Due Bill Redemption Date: |
TBA |
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Distribution Details: |
0.1 of a share of CommerceHub Class A (CHUBA) & 0.2 of a share of CommerceHub Class C (CHUBK) for every share held. |
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Company: |
Liberty Interactive Corporation |
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Issue: |
Series B Liberty Ventures Common Stock |
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CUSIP: |
53071M872 |
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Symbol: |
LVNTB |
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Record Date: |
July 8, 2016 |
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Payment Date: |
July 13, 2016 |
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EX Date: |
TBA |
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Due Bill Redemption Date: |
TBA |
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Distribution Details: |
0.1 of a share of CommerceHub Class B & 0.2 of a share of CommerceHub Class C (CHUBK) for every share held. |
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A when issued market will be established for both the CommerceHub Class A (CHUBA) & CommerceHub Class C (CHUBK). The symbols will change from CHIAV to CHUBA & CHIKV to CHUBK on the first day of regular-way trading. The details for the when issued market are as follows:
Symbol: |
CHIAV |
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Name: |
CommerceHub Inc. Series A Common Stock |
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CUSIP: |
20084V108 |
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Anticipated First Trade Date: |
July 13, 2016 |
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First Day of Regular Way Trading: |
TBA |
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Settlement Date: |
TBA |
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Symbol: |
CHIKV |
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Name: |
CommerceHub Inc. Series C Common Stock |
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CUSIP: |
20084V306 |
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Anticipated First Trade Date: |
July 13, 2016 |
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First Day of Regular Way Trading: |
TBA |
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Settlement Date: |
TBA |
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