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Liberty Media shareholders set for January vote on F1 takeover
Liberty Media shareholders will vote on whether or not the media company should proceed with its proposed Formula 1 takeover next month. The US company has already acquired an 18.7 per cent stake in the sport from CVC Capital Partners, but hopes to increase that to a majority holding next year. The process however requires majority support from Liberty Media's shareholders and the matter will go to a vote on January 17. 'Holders will be asked to vote on proposals relating to Liberty's issuance of shares of its Series C Liberty Media common stock in connection with the proposed acquisition of Formula 1 and the renaming of the Liberty Media Group and the Liberty Media...
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7y ago from GrandPrixTimes.com
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