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AT&T sets Liberty spin date

The final separation of Liberty Media Group from parent AT&T Corp. will occur at 9:00 a.m.(ET) on Aug. 10, 2001.

AT&T's board of directors voted Monday to redeem each outstanding share of its Class A and Class B Liberty Media tracking stock for one share of new Liberty common stock. Liberty will be separated from AT&T and become an independent, publicly traded company.

Following the redemption, Liberty shares will t4rade on the New York Stock Exchange under the symbols LMC.A and LMC.B
- John Higgins