How will the Sirius-XM merger affect the stocks?

Question

I read approx. 4 share of Sirius will replace XM. And if Sirius is around $2.25 now, what is the range that Sirius's stock COULD move up? I know usually the company acquiring the other company, there stock goes up. Does anyone have a clue?

Answer 1

I am a shareholder in Sirius so right now I am estimating that the shares will go to $3.00 a share. This is based on information I heard. It could go to maybe $4.00, but that could be a while before it gets there. Then again it might. I believe that 2009 will be a good year for Sirius stock to rise.