However, the agency is concerned that
LMCB is still exposed to volatile thermal coal costs and construction and real estate sectors cyclicality.
(NYSE: L) (NYSE:
LMCB) has agreed to acquire Provide Commerce Inc., San Diego, (Nasdaq: PRVD); an e-commerce marketplace of websites for perishable goods.
Liberty is adjusting the conversion rate due to the payment 7/23 of the previously-announced stock dividend of two shares of its non-voting Series C common stock for each share of LMCA and
LMCB. The stock dividend was paid to holders of record of LMCA and
LMCB as of 5:00 p.m.
In the call, Liberty announced a plan to distribute via dividend two shares of Series C non-voting common stock for each share of LMCA and
LMCB. They also announced a plan to spin-off Liberty Broadband Group into a new publicly-traded company called Liberty Broadband.