Kyle Bass' Hayman files with SEC in relation to Dex Media merger

theflyonthewall.com

Noted investor Kyle Bass of Hayman Capital Management filed forms with the SEC today showing he and his funds no longer hold any shares of Dex One, which previously traded under the symbol "DEXO," or shares of SuperMedia, which previously traded under the symbol "SPMD." Dex One and SuperMedia completed their merger and combined as Dex Media as of May 1. Dex Media now trades on the NASDAQ under the symbol "DXM." Under the terms of the agreement, legacy Dex One shareholders received 0.20 shares for each Dex One share they owned, and legacy SuperMedia shareholders received 0.4386 shares for each SuperMedia share they owned. As February 13, Kyle Bass and Hayman owned a 9.96% stake in SuperMedia and a 9.95% stake in Dex One, regulatory filings show. Hayman Capital disclosed a 9.7% passive stake in Dex Media.

View Comments (1)