Siri SP pops to 3.75 in AH after trading was halted due to Liberty's announcement.
SIRIUS XM SATELLITE RADIO FORUM
Type: Posts; User: garys66666
Siri SP pops to 3.75 in AH after trading was halted due to Liberty's announcement.
So what will happened to SP during this period deciding to agree to this or a modified proposal? Stay within the narrow band of $3.55 and $3.68?
Hopefully, the special committee (independent directors picked by current SIRI board, so maybe not all that independent) will play hard ball for a higher premium that 3.1%.
from briefing.com...
4:38 pm Sirius XM Radio: Liberty Media (LMCA) announces proposal to make Sirius XM Holdings a wholly owned subsidiary of Liberty (stock halted) (SIRI) : Liberty Media...
more info....
Liberty Media proposes to assume full ownership of Sirius XM • 4:51 PM
Liberty Media (LMCA), which already owns a majority stake in Sirius XM (SIRI), is proposing to make Sirius a...