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Activist ValueAct spots an overlooked opportunity at Liberty Live Group. How the move might pay off
76% Informative
ValueAct filed a 13D on Feb. 11 , reporting a 5.51% position in Liberty Live Group (LLYVA) Liberty Live is a tracking stock that represents Liberty Media Group's ownership stake in Live Nation Entertainment .
ValueAct is a premier corporate governance investor for over 20 years .
The firm is a long-term, thoughtful and diligent investor known for creating value behind the scenes.
Live Nation has been dedicating a lot of capex to its venue expansion goals.
Capex has increased by 48% over the past two years and total debt has tripled since 2015 .
Liberty Media has announced plans to spin off Liberty Live into a separate public company later this year .
The tracking stock trades at a sharp discount to Live Nation .
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