LibertyInteractive Corp. will hold its special stockholders meeting onNov. 1 regarding its planned spinoffof unit Liberty Expedia Holdings Inc.
The company will seek shareholder approval at the meetingfor the redemption by Liberty Interactive of a portion of outstanding shares ofLiberty Ventures common stock for all outstanding shares of Liberty ExpediaHoldings.
The company revealed its plans to spin off two newly formedcompanies — CommerceHub Inc. and Liberty Expedia Holdings Inc. — to holders ofits Liberty Ventures Group stock. Liberty completed the CommerceHub spinoff on July 22.
The board of Liberty Interactive unanimously approved thespinoff proposals, and unanimously recommended Liberty Ventures common stockholders to vote for the proposals, as per a Sept. 30 SEC filing.