On Command Corp. said Liberty Media Corp. has expressed interest in acquiring
the outstanding shares it doesn't already own in the provider of
in-room-entertainment services to the hospitality industry.
On Command stockholders would receive 0.0787 shares of Liberty Media series-A
common stock for each share of On Command common stock they held. The
transaction would be taxable to On Command stockholders.
On Command said its board of directors has established a committee to
consider the Liberty proposal.
Liberty -- through its wholly owned subsidiary, Liberty Satellite &
Technology Inc. -- already owns about 74 percent of On Command's outstanding