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Qurate Retail Group ( (QRTEA) ) has issued an announcement.
Qurate Retail, Inc. struck a deal granting them the option to buy High Vote Stock from executive Chairman Gregory B. Maffei upon his death, or preempt a third-party sale, at a premium over the market price of convertible Low Vote Stock. This agreement is part of a larger settlement that includes oversight on transactions between key figures and the company, and the agreed departure of board member John C. Malone after 2025. The settlement aims to resolve a lawsuit alleging fiduciary breaches by the company’s board and ensures future transactions are subject to independent director approval, fostering transparency and fairness in corporate governance.
Learn more about QRTEA stock on TipRanks’ Stock Analysis page.
