Tyler,Bradon is this true? why the 13d
Today you saw an SEC filing by Apollo Investment Advisors for 13D, which indicates that the private equity firm now owns 736 million shares of Sirius XM. This represents 23% of the outstanding shares of the company.
In the previous filing dated November 2005, Apollo represented that they owned 192 million pre-merger shares, or 14.4% of the outstanding shares.
Crossing the 20% ownership threshold is a significant event, as Apollo would now account for their investment as an equity investment.
In case you missed the filing: