Saturday, February 17, 2007
BusinessWeek Picks Up Bear Stearns' Merger Report
Analyst to XM, Sirius: Quit QuibblingA Bear Stearns analyst says merger talks between the satellite radio operators are hung up on control issues, not regulatory hurdles
by
Sonja Ryst ,
www.businessweek.comFederal regulators aren't likely to block a combination of the nation's two satellite radio operators, XM and Sirius, but disagreement over how to split control of a combined company is probably slowing matters, a Bear Stearns (
BSC) analyst wrote Feb. 16, urging the companies' shareholders to press the issue.
In other words, enough with the quibbling and just work it out, analyst Robert Peck suggested in a widely read report that sent XM Satellite Radio (
XMSR) shares surging 7.7%, to $13.98 on the Nasdaq. Shares of rival Sirius Satellite Radio Holdings (
SIRI) gained 2.8%, to $3.70, just above their 52-week low of $3.50, reached late last year...read more:
hereLabels: bear stearns, businessweek, merger, sirius, xm
2/17/2007 08:02:00 AM
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