Sunday, November 26, 2006

Ant & Sons Comments On Smart Money Interview With Mel

Sirius CEO Karmazin Talks Up XM Satellite Merger
Thomas J. Catino, 11/24/2006 9:30 AM EST, www.antandsons.com

In a Smart Money article set to be released in the magazine's December 1 issue, author Dyan Machan sheds some light on the possibility of Sirius Satellite Radio Inc. (NASDAQ: SIRI) merging with satellite radio competitor XM Satellite Radio Holdings Inc. (NASDAQ: XMSR).
According to Machan's interview with Sirius CEO Mel Karmazin, Karmazin says that he would be interested in merging Sirius with XM Satellite Radio. He elaborates by telling Machan that "mergers often lead to creating shareholder value" and that he has "always been open to that."
Analysts have also given the merger rumors much more credibility in recent weeks. Stifel Nicolaus Analyst Kit Spring said that there is "significant upside potential… if Sirius makes a merger bid for XM Satellite, a scenario which we see as increasingly likely." ...read more: here