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Liberty Media Wins Approval Of Split Off

In affirming an April Chancery Court decision, the Delaware Supreme Court decided that a proposal by Liberty Media Corp. to split off some of its assets does not violate a successor obligation agreement with bondholders that prevents the media conglomerate from disposing "substantially all of its assets.

12 minute read October 28, 2011 at 10:05 AM
By
Jeff Mordock
Liberty Media Wins Approval Of Split Off

In affirming an April Chancery Court decision, the Delaware Supreme Court decided that a proposal by Liberty Media Corp. to split off some of its assets does not violate a successor obligation agreement with bondholders that prevents the media conglomerate from disposing “substantially all of its assets.”

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