SiriusXM (SIRI) Down as Liberty Media (LMCA) Says Offer 'No Longer Applicable'
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Price: $3.16 --0%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.1%
Revenue Growth %: -0.5%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.1%
Revenue Growth %: -0.5%
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SiriusXM (NASDAQ: SIRI) is down 2% after-hours amid a disclosure in Liberty Media Corporation's (Nasdaq: LMCA) (Nasdaq: LMCB) plans to create two new tracking stocks that the "offer for SiriusXM is no longer applicable."
It was added, "Depending on market conditions, we look forward to further discussions with the SiriusXM Special Committee. We remain enthusiastic owners of 53% of SiriusXM."
It was added, "Depending on market conditions, we look forward to further discussions with the SiriusXM Special Committee. We remain enthusiastic owners of 53% of SiriusXM."
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