Liberty Media Corp. 'BB- Ratings Remain On Watch Developing After Announcement Of Intent To Acquire Barnes & Noble May 11
- ID: 1802748
- May 2011
- Standard & Poors
Liberty Media has proposed acquiring a 70% interest in Barnes & Noble (B&N) for cash consideration of about $1 billion. We are keeping our 'BB-' ratings, including the corporate credit rating, on Liberty Media on CreditWatch with developing implications. The B&N acquisition will be an area of evaluation in completing our CreditWatch review of Liberty Media, along with monitoring the outcome of the company's plan to separate certain tracking stock groups. CHICAGO (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services said today it kept its 'BB-' ratings, including the corporate credit rating, on Englewood, Colo.-based Liberty Media Corp., on CreditWatch, where they were placed with developing implications on June 25, 2010. The rating action followed Liberty Media's proposal...
Companies mentioned in this report are: Liberty Media Corp.,Barnes & Noble Inc.
Action: CreditWatch Update
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Research type: News
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