Sirius XM (SIRI) Shareholders Blocked in Bid to Prevent Liberty (LMCA) Takeover
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Sirius XM Radio (Nasdaq: SIRI) shares are slumping in after-hours trading following headlines from Bloomberg that shareholders lost a bid to stop a takeover by Liberty Media (Nasdaq: LMCA). According to the report, a judge in the case blocked shareholders' effort to purchase more shares of the satellite radio provider.
Sirius shares are down about 0.4 percent late Wednesday.
Sirius shares are down about 0.4 percent late Wednesday.
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