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XM, Sirius rise on merger speculation (Newsweek article)
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| XM, Sirius rise on merger speculation (Newsweek article)
- Click HERE to go to the original thread with graphics
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| Jack4343 |
XM, Sirius rise on merger speculation
Shares of satellite radio operators XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. rose Friday, on speculation that the companies might merge or combine in another way.
Shares of XM Satellite added 74 cents, or 4.5 percent, to $17.12 in afternoon trading on the Nasdaq. The stock has traded between $9.63 and $29.57 in the past 52 weeks.
Sirius Satellite shares added 18 cents, or 4.6 percent, to $4.08 on the Nasdaq, where it has traded between $3.50 and $6.51 in the past 52 weeks.
"We believe a 50/50 enterprise value split or perhaps a slight premium to XM shareholders may be warranted in a merger scenario," Stifel Nicolaus analyst Kit Spring said in a Thursday client note, keeping a "Buy" rating on XM shares.
RBC Capital Markets analyst Ryan Vineyard in a Friday note to investors said a combination would generate long-term value for shareholders, given slow retail channel growth. Advertising, office, retail incentives and other synergies total between $5 billion to $6 billion, he wrote.
Vineyard believes XM would need to be the acquirer, since it has 7.6 million subscribers to Sirius's 6 million. |
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| Liver |
| i hope they do merge, currently i have both so i can have the MLB and the Punk channel that XM Offers. |
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| Froggy |
| Did the article happen to mention that the FCC already said they wouldn't permit the merger? |
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| detroit43 |
| theres no fcc on satellite. thats why you can say fuck |
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| vitalogist |
| probably means the fTc. could be considered a monopoly.... |
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| townes75 |
| How would a merger work if you owned stock in sirius? Would xm/sirius combine to form one ticker symbol? Would your shares jump to whatever that share price is? |
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