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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
Pay attention here, because it sure seems as though Sirius XM shareholders may be getting hosed here in a serious way. Liberty already owns about 52% of Sirius, and the move will give Sirius XMâs public stockholders about 39% of the future Liberty Media. The problem in this buyout is that Sirius XM is already considered a controlled entity under Liberty. The shareholders simply may not be able to stop this acquisition.