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Monday, June 16, 2008

Can the merger happen sooner than later ??

The Federal Communications Commission staff that has been reviewing the proposed merger of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI) has recommended that the deal be approved, according to the Wall Street Journal.
The recommended approval comes with some suggested concessions. FCC Chairman Kevin Martin, who apparently crafted a set of conditions to the deal, said that he supports the agreement.
Martin is calling for for price caps on the combined company’s service fees and additional service options for three years. The FCC also would require the combined company to set aside 8% of its channels for non-commercial and minority-owned stations. The companies also would agree to license their technology more widely to other manufacturers, and to offer interoperable radios, both of those within a year of the deal’s closing date.
The deal still requires the approval of the FCC commissioners.
Buy now ( SIRI ) will the stock is around 2.60 a share , when the merger approves u coild get 5.00 a share !
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