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Tender Offer Of Live Nation Stock

Los Angeles (CelebrityAccess MediaWire) — Live Nation Entertainment, Inc. notes the announcement by Liberty Media Corporation of its intention to commence a partial tender offer to acquire up to 34,500,000 shares of Live Nation’s outstanding common stock for $12.00 per share in cash.

Live Nation’s Board of Directors intends to evaluate Liberty Media’s proposed offer in consultation with its financial and legal advisors, and the Board will advise Live Nation’s stockholders of its position regarding the offer, as well as its reasons for that position, after the proposed offer has been commenced.

In the interim, Live Nation is requesting that its stockholders defer taking action with respect to Liberty Media’s proposed offer until they have been advised of Live Nation’s position with respect to the offer.
–by CelebrityAccess Staff Writers