What is the price of the merger for xm and siri?

Question

so sirius radio buying xm? what will be the stock price sirius is going to pay for xm? or is it the other way around? thanks for helping me over come my ignorance.

Answer 1

Its official, they are merging....!! if you own XM you will get  4 shares of SIRI's for every 1 share of XM.

But for the question of how much SIRI shares will be worth after merger...who knows....I think the stock shares are going to fly because they will be the only ones on the block..

A may even fly next week with SIRI coming out with there earnings...I think they will beat the street...BIG SURPRISE coming.

long term watch out...Its going to pay off huge!!

Good trading...

Answer 2

Sirius is merging with XM, so shareholders of XM will receive 4.6 shares of Sirius.

Also, the merger has not been approved yet and although it looks likely to be approved there are no guarantees. Currently the FCC has a 2-2 vote, the tie breaking vote is held by commissioner Deborah Taylor Tate, who is expected to be in a favor of the merger and cast the deciding vote either Thursday or Friday.