Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Liberty Media Corp $LMCA spinning off cable assets into Liberty Broadband $LBRDA

John Malone’s Liberty Media Corp (LMCA) started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband (LBRDA) . Liberty Broadband, in a regulatory filing, said the stock dividend would be worth up to $4.8 billion and Malone would retain a voting interest of 47.3%. Source: Filing

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