June 1 On Deck for Liberty Latin America After Malone Buy, 9% Yield: LILA Watch
Liberty Latin America Class A shares traded at $7.84 premarket, down 16 cents, after John C. Malone bought over 12 million Class C and 61,000 Class A shares from Liberty Capital for $8.63 each, according to an SEC filing. Nasdaq will begin when-issued trading for the company’s new preferred-share payout June 1, with payment set for June 16. First-quarter revenue was $1.083 billion; adjusted free cash flow was negative $64 million.