Shares of stock in the Braves are expected to begin trading Monday, according to team owner Liberty Media.
Liberty said it completed a long-in-the-works transaction late Friday to exchange its existing stock for three new tracking stocks – one tied to the Braves (Liberty Braves stock), one tied to the company’s 61-percent stake in satellite radio provider SiriusXM (Liberty SiriusXM stock) and one tied to the company’s other holdings (new Liberty Media stock).
Each share of Liberty’s existing stock is being exchanged for one share of Liberty SiriusXM stock, 0.1 share of Liberty Braves stock and 0.