Lost in all of the trade chatter over the past few days have been some actually pieces of real team news, and it’s time to catch up on a bit of that.
Braves tracking stock could lead to spinoff, analyst says
A move Nov. 12 by the Atlanta Braves’ parent company could set the stage for the team to be spun off, a securities analyst says.
Liberty Media Corp. (Nasdaq: LMCA), which owns the Braves, said Thursday it is creating a tracking stock for the Braves and for its two other principal businesses, Sirius XM Holdings Inc.