UPDATE: Sirius XM (SIRI) Approves $2B Buyback, Special Dividend
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Analyst Says Buy Sirius (SIRI), Liberty Media (LMCA) or Both
December 7, 2012 10:18 AM ESTYesterday morning, Sirius XM Radio (NASDAQ: SIRI) pleased investors when it announced a buyback of $2 billion in common stock and a 5 cent one-time special cash dividend. Liberty Media (NASDAQ: LMCA) owns 49.8 percent of SIRI and has "effective control", influencing shareholder friendly decisions, in the view of... More
Liberty Media (LMCA) on Watch as Sirius (SIRI) Unloads $2.4B to Investors
December 6, 2012 8:09 AM ESTLiberty Media (NASDAQ: LMCA) appears to be slumping in early trading as takeover target Sirius XM (Nasdaq: SIRI) announced payment of a special 5 cent per share dividend as well as a $2 billion stock repurchase plan.
In total, Sirius will be unloading $2.325 billion.... More
