Will sirius stock go up?

Question

will sirius stock go up now that the merger is approved

Answer 1

No one has a crystal ball that can accurately predict the future, so the best anyone can offer is an opinion.

My opinion is that the merger has been expected for some some time so the stock price has already adjusted for the merger. Any movement in the stock price will therefore be due to company actions and performance.

Today's news that they are selling "about 262 milllion shares, with about 184 million offered at a fixed price of $1.50 per share, compared with Monday's closing price of $1.88 a share" will probably keep the stock price from going up significantly in the near future. Why would anyone want to buy it for $1.60 on the market when they can buy the same thing for $1.50 from the company?

Answer 2

it should. all xm stockholders are going to get 4.3 shares of sirius stock for every 1 of XMs