Liberty Media Corporation have earmarked a date in January for a special meeting of stockholders with regards to their Formula 1 ambitions.
The company released the following statement on their website: “At the special meeting, 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 common stock to the Formula One Group and the Liberty Formula One common stock, respectively, following the proposed acquisition of Formula 1 by Liberty.”
“Liberty stockholders and other investors are urged to read the proxy statement (a preliminary filing of which has been made with the SEC) because it will contain important information relating to the proposed acquisition of Formula 1.”
“The directors and executive officers of Liberty and other persons may be deemed to be participants in the solicitation of proxies in respect of any proposals relating to the proposed acquisition of Formula 1.”
F1 supremo Bernie Ecclestone said recently of the Liberty Media investment, “I don’t know their company, so I have no idea. They paid what they had to pay, they bought 10 percent of the company and they paid.”
“I’d be surprised if it didn’t happen, but if it doesn’t happen, it doesn’t happen. CVC will still own their shares, less what they sold,” added Ecclestone.