Merger News

In a report issued today (you can read report excerpts and comment on it in the Sirius Buzz Forums), Banc of America’s Johnathan Jacoby cites “DC Contacts” as being bearish on the merger between Sirius and XM. The report cites the main reason for the bearish outlook is… → Read More

Merger arbitrage is an investment strategy often used by hedge funds. There are many ways to play a merger, but the arbitrage is basically the delta between the deal as announced, and the current spread between the merging parties. With Sirius and XM, it is an all stock… → Read More

Those that watch the satellite radio sector are well aware of the merger ratio of 4.6 shares of Sirius for each share of XM. Ever since the merger was announced, these equities have yet to trade closer to that ratio than they are right now. Over the past… → Read More

In breaking news today, Attorney General Alberto Gonzalez has announced his resignation. The chief of the Department of Justice was rumored to have delivered a letter of resignation last Friday, but the news did not make mainstream media until today. The White House will hold a press conference… → Read More

A merger between Whole Foods and Wild Oats on its face would not seem to carry much attention in the satellite radio sector, but that has been turned on its ear over the past week, as a Federal Appeals Court upholds a decision allowing the merger by U.S. District… → Read More

The proposed Sirius and XM merger saw a bit of a boost yesterday from a federal judge who ruled against the governments attempts to block the Whole Foods and Wild Oats Merger. In a decision that rejected the governments assertion that such a merger would be anti competitive, the court… → Read More

In a filing published by the FCC today, Toyota Motor Corporation attorney slammed the National Association of Broadcasters for misrepresenting their comments. The letter from reads: “It has come to the attention of our client, Toyota Motor Sales, U.S.A.,Inc., (“Toyota”), that the National Association of Broadcasters (“NAB”) filed… → Read More

Today, the NAB published a press release as well as an analysis that simply has left many scratching their heads, and wondering if NAB President David is simply scratching his Rehr. I find it almost difficult to take what the NAB put forth in a serious manner, and… → Read More

The NAB has come out with another press release that slams the “a la carte” pricing plan, the same plan that the FCC Chairman previously praised. The NAB wants the public to believe what anyone can see as common business practice is in fact a “sham.” In their… → Read More