Sirius & XM Extend Merger Dates (SIRI, XMSR)

Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) hav extended their merger agreement to May 1, 2008. As a reminder, Jim Cramer recently called out all the congressmen that he felt were unfairly holding this merger up. Originally, the companies could walk away from the deal after March 1, 2008. After all, this has been “a pending merger” for more than a year now. These two companies are still waiting for regulatory approval from the Department of Justice and the Federal Communications Commission. Sirius was down $0.07 to $2.85 and XM was down $0.45 to $11.65 on…
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Original Source

  29 February, 2008| Economy | @ 19:02

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