Reuters logo
1 个月前
BRIEF-Liberty Interactive enters into deal to buy HSN Inc for total enterprise value of $2.6 bln
2017年7月6日 / 中午12点23分 / 1 个月前

BRIEF-Liberty Interactive enters into deal to buy HSN Inc for total enterprise value of $2.6 bln

July 6 (Reuters) - Hsn Inc:

* Liberty Interactive enters into agreement to acquire HSN, Inc.

* HSN Inc says Liberty Interactive intends to issue 53.4 million shares of QVC series A common stock to HSNI shareholders

* Entered into an agreement whereby Liberty Interactive will acquire 62% of HSNI it does not already own in an all-stock transaction

* HSNI shareholders will receive fixed consideration of 1.65 shares of Series A QVC group common stock for every share of HSNI common stock

* Says upon closing, Liberty Interactive board of directors will be expanded by one to include a director from HSNI board of directors

* Total enterprise value for HSNI of $2.6 billion, an equity value of $2.1 billion, and consideration of $40.36 per HSNI share

* ‍Following completion of transaction, Liberty Interactive expects to continue its repurchases of QVC group common stock​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below