Sirius Satellite Radio (SIRI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 23.19

+10.2%

Oct 30 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sr K	9/24/2018 12:27:05 PM
	of 8420

Under the deal -- which the companies valued at $3.5 billion, including debt -- Pandora shareholders would swap each share for 1.44 newly issued shares of Sirius XM. Shares of Sirius fell 7.5% Monday to $6.46, while shares of Pandora climbed 2.9% to $9.35. The deal has a "go-shop" provision, which allows Pandora and its board to talk with other parties about doing a different deal. The deal is expected to close by April 2019. Pandora shareholders would hold about 8.6% of the combined company. Sirius XM also reiterated its financial guidance for the year, while Pandora backed its third-quarter outlook.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next