SIRIUS (SIRI) and XM (XMSR) Compete Merger, Creating SIRIUS XM Radio
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This morning, SIRIUS Satellite Radio (Nasdaq: SIRI) and XM Satellite Radio (Nasdaq: XMSR) announced that they have completed their merger.
The new company plans to change its corporate name to SIRIUS XM Radio Inc. The combined company's stock will continue to be traded on the Nasdaq Global Select Market under the symbol "SIRI."
XM shareholders will receive 4.6 shares of SIRIUS common stock for each share of XM.
The new company has over 18.5 million subscribers, making it the second-largest radio company in the country. It is also the second largest subscription media business in the U.S.
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Mergers and AcquisitionsStocks Mentioned
+0.00Comments
opie and anthony
if XM dumps O And A, im dumping XM as wil alot of people!
sirius merger
bout' time, i bought a bunch of siri cpl yrs ago, been wating for it to POP.... show me the money!
EMAIL MEL KARMAZIN
ASK MEL WHY WE AS INVESTORS SHOULD HOLD ON TO OUR SHARES OF SIRIUS OR XMSR? investorrelations@siriusradio.com
Sirius Radio
Whopee Do,,The merger is a done deal and now what's the story with the price. DOWN. DOWN, DOWN. Now it's time for some real money making. Let's but not sell...
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sirius merger
Little David on Jul 31, 2008 11:32 AMWatch out for the rock Mel Karamazin has thowned . Ifinity Broadcasting together with CBS Corp., and CBS with Viacom.[WATCH OUT] FULL SPEED AHEAD.