Live Nation settles $57.67 million private placement of common shares

Deal with Liberty Media offered 5,502,400 shares, each sold at $10.48

By Devika Patel

Knoxville, Tenn., June 20 - Live Nation Entertainment, Inc. completed a $57.67 million private placement of stock with Liberty Media Corp. on June 17, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced Feb. 4.

The company sold 5,502,400 common shares at $10.48 per share, a 0.48% premium to the Feb. 3 closing share price of $10.43.

Live Nation is a Beverly Hills, Calif.-based producer of live music concerts.

Issuer:	Live Nation Entertainment, Inc.
Issue:	Common stock
Amount:	$57,665,152
Shares:	5,502,400
Price:	$10.48
Warrants:	No
Investor:	Liberty Media Corp.
Settlement date:	Feb. 4
Settlement date:	June 17
Stock symbol:	NYSE: LYV
Stock price:	$10.48 at close Feb. 4
Market capitalization:	$1.97 billion

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.