Washington — XM Radio and Sirius Satellite Radio will hold shareholder meetings on Nov. 13 to vote on the proposed Sirius-XM merger.
An XM spokesman said, “The shareholder meeting represents another step forward in the merger process.”Sirius and XM claim they still expect the merger, which must be approved by the Federal Communications Commission (FCC) and the Dept. of Justice (DOJ), to be approved by the fourth quarter.The FCC is charged with determining if the merger would be in the public interest and the DOJ determines if the merger would be anticompetitive.
Whether you think that this is a great idea or not, it looks like it's gonna happen.
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1 comment:
Wall street has been thinking it would happen since the end of August it looks like. Share prices went up from $2.80 to $3.40 in the span of a week or two.
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