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Underwriters exercise option in Liberty Media stock offering

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Underwriters exercise option in Liberty Media stock offering

Underwriters of Liberty Media Corp.'s public offering of 40 million shares of its series C Liberty Formula One common stock exercised in full their option to purchase an additional 6 million shares.

Following the exercise, the aggregate number of shares sold in the offering increased to 46 million shares, 12,903,225 of which were issued and sold by Liberty and 33,096,775 of which were sold by certain selling stockholders.

The selling stockholders received all of the net proceeds from the sale of the additional shares of series C Liberty Formula One common stock.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley acted as book-running managers and representatives of the underwriters for the offering, with Bank of America Merrill Lynch, Barclays, Credit Suisse and Citigroup acting as additional book-running managers.