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May 13, 2008 3:02:55 AM CDT



Sirius, XM Stocks Rise as Merger Looms  

Posted Nov 30, 07 1:16 PM CST in Technology Business    Most Covered

(newser) – XM Satellite Radio and Sirius stock prices got a boost Friday when an analyst predicted the Justice Department won't block Sirius from buying out the larger XM. Morning trade saw XM shares jump 9.4% and Sirius shares 4.6%, reports CNN. The analyst said that shares could hit $20 and $4.50, respectively, if the deal goes through.

The plan would give XM shareholders 4.6 shares of Sirius stock for each of their XM shares. "We think the Justice Dept. decision will be based on analysis of market leverage, competition and market definition," said the analyst, who also suggested the FCC might make its decision soon after the Justice Department.

Source CNN

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Sirius press release on the merger
Sirius.com | Feb 19, 07

Sirius, XM Stocks Rise as Merger Looms
A Chrysler Jeep drives past an advertisement for XM Satellite Radio at the New York International Auto Show in New York in this April 13, 2007 file photo. XM Satellite Radio Holdings Inc. said on Thursday,...   (Associated Press)
Sirius, XM Stocks Rise as Merger Looms
XM Satellite Radio and Sirius Satellite Radio products are advertised side by side on the exterior windows of the Al & Ed's Autosound store in the Sherman Oaks section of Los Angeles, March 21, 2007....   (Associated Press)
Sirius, XM Stocks Rise as Merger Looms
A Dodge Nitro equipped with Sirius Satellite Radio is displayed at the New York International Auto Show in New York in this April 13, 2007 file photo. (AP Photo/Mark Lennihan, file)   (Associated Press)
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