TELECOM Digest OnLine - Sorted: Sirius and XM Announce Merger

Sirius and XM Announce Merger

Neal McLain (
Tue, 20 Feb 2007 07:25:58 -0500

Over a year after talk of a Sirius and XM merger first surfaced, the
companies made it official on Monday.

The two U.S. satellite radio providers announced a merger of equals on
President's Day. Under the terms of the agreement, XM shareholders
will receive 4.6 shares of Sirius stock for each share of XM they
own. XM and SIRIUS shareholders will each own approximately 50% of
the combined company.

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