XM Shareholders Approve Sirius Merger

Iria · Nov 14, 2007, 06:29 AM

Source: BetaNews
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XM and Sirius' proposed merger received near-unanimous support from shareholders, as the two companies announced they had cleared the next hurdle in becoming a single entity.

According to tabulations by XM, 99.8 percent of shareholders voted in favor of the transaction. The merger agreement calls for each XM shareholder to receive 4.6 Sirius shares for each share they own.

Nov 14, 2007, 06:29 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	XM Shareholders Approve Sirius Merger Source: BetaNews __________ XM and Sirius' proposed merger received near-unanimous support from shareholders, as the two companies announced they had cleared the next hurdle in becoming a single entity. According to tabulations by XM, 99.8 percent of shareholders voted in favor of the transaction. The merger agreement calls for each XM shareholder to receive 4.6 Sirius shares for each share they own.