Liberty Media to split off Atlanta Braves stock on July 18

Liberty Media Corp.
LSXMA,
+3.01%

LSXMB,
+10.40%

FWONA,
+0.49%

FWONK,
+0.49%

BATRA,
-0.92%

BATRK,
-0.65%
said Friday it plans to complete its previously announced redemptive split-off of the MLB Atlanta Braves team parent Atlanta Braves Holding Inc. on July 18 after the market close. It also expects to complete its previously announced reclassification of Liberty Media’s existing common stock and the creation of the new Liberty Live common stock on Aug. 3 after market close. The changes will go to a vote at a special shareholder meeting on July 17. Liberty Media plans to redeem each share of its Liberty Braves common stock in exchange for one share of the corresponding series of Atlanta Braves Holdings common stock. Atlanta Braves Holdings common stock is expected to trade under the ticker symbols “BATRA,” “BATRB” and “BATRK”. Liberty Live common stock is expected to trade on Nasdaq or be quoted on the OTC Markets under the ticker symbols “LLYVA,” “LLYVB” and “LLYVK”.