As a result, among other things, the name of the company changed from "General Communication, Inc." to "GCI Liberty, Inc.", and the reclassification of each share of GCI Liberty's former Class A common stock and Class B common stock into one share of its Class A-1 common stock and Class B-1 common stock, respectively, became effective, each as more fully described in the joint proxy statement/prospectus relating to the proposed transactions between GCI Liberty and LIC.
GCI Liberty expects that the Class A-1 Common Stock will begin trading
GCI Liberty and LIC continue to expect that the closing of the proposed transactions will occur in the first quarter of 2018.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the completion of the proposed transactions between LIC and GCI Liberty and the trading and quotation of GCI Liberty's common stock. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the proposed transactions. These forward-looking statements speak only as of the date of this press release, and each of LIC and GCI Liberty expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in LIC's or GCI Liberty's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of LIC and GCI Liberty, including their most recent Forms 10-K and 10-Q, for additional information about LIC, GCI Liberty and about the risks and uncertainties related to LIC's and GCI Liberty's respective businesses which may affect the statements made in this press release.
Nothing in this press release shall constitute a solicitation to buy
or an offer to sell shares of GCI Liberty or any of LIC's
tracking stocks. The offer and issuance of shares in the proposed
transactions will only be made pursuant to GCI Liberty's effective
registration statement. LIC stockholders, GCI Liberty shareholders and
other investors are urged to read the registration statement and the
joint proxy statement/prospectus regarding the proposed transactions and
any other relevant documents filed with the
About Liberty Interactive Corporation
About GCI Liberty, Inc.
GCI Liberty is the largest communications provider in
GCI Liberty, Inc.
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