Liberty Media and Sirius XM set final exchange ratios for split-off and merger; New SiriusXM to trade SIRI Sep 10

Liberty Media Corp

Each LSXMA/B/C share will be redeemed for 0.8375 share of New Sirius common stock, plus cash for fractions.
Sirius XM shareholders (ex-New Sirius) will receive 0.1 New Sirius share per SIRI share in the merger.
Expected ~339.1M total New Sirius shares outstanding; former Liberty stockholders ~81%, minority SIRI holders ~19%.
Split-off effective 4:05 PM ET Sep 9; merger at 6:00 PM ET Sep 9; New SiriusXM (SIRI) begins Nasdaq trading Sep 10.

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