“Analysts Doubt XM-Sirius Merger Will Fly”
From the Post:
It is unlikely that federal regulators will give a thumbs-up to a proposed merger between the XM and Sirius satellite radio companies, according to three analysts’ reports issued this week.
The separate reports, issued Monday as a preview to quarterly earnings announcements by XM today and Sirius on Tuesday, point to the drop in value of the shares of both companies — about 30 percent each — since the merger plan was announced Feb. 19.
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Nadine Cheung
Editor, The Job Post
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