Atlanta baseball fans looking to own a piece of the action are in luck. The Atlanta Braves Holding company makes its Wall Street debut today.
Liberty Media stockholders approved the split-off of the Braves during a special meeting Monday. The reorganization will roll the Atlanta Braves baseball team and its associated real estate development The Battery into a separate publicly traded company called Atlanta Braves Holdings.
Shares of Atlanta Braves Holdings will start trading publicly on the NASDAQ exchange Wednesday morning.
For shareholders, the move should add even more value and transparency to a holding that is already up nearly 30 percent in the first half of the year according to Yahoo!
The new company is also set up to prevent any hostile take overs. Especially from Mets fans.
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