Liberty up; set to split
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Published
May 7, 2011, 4:00 a.m. ET
Liberty Media’s Liberty Starz tracking stock, which includes the Starz pay-television business, rose 4.4 percent after the company said it expects to split off Liberty Starz and Liberty Capital.
Liberty Media, controlled by John C. Malone, said it expects shareholders to vote on the split on May 23, and to complete the splitoff “this summer.”
Liberty Starz Class A shares rose $3.24 to $77.49.