Media
Libery Media's Malone Unloads Shares... To Liberty Media (LCAPA, LINTA, LMDIA)
Published:
Last Updated:
Chairman John Malone of Liberty Media Corp. (NASDAQ: LCAPA) sold 4.5 million shares of common stock on October 7, 2008 at a price of $11.00 per share. He still holds more than 2.7 million shares of Series A Common Stock. The other units of Liberty trade under the "LINTA" and "LMDIA" tickers as well.
This was part of Liberty’s repurchase plan, but it was a privately negotiated transaction as this trade nor enough shares crossed on the exchange on that day. According to trade recaps, this stock only traded 1.04 million shares of common stock on October 7 and the stock closed at $11.22 with an intra-day trading range of $11.16 to $12.49.
Jon C. Ogg
October 9, 2008
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.