Sirius Stockholders OK Merger


At a special meeting in New York today, Sirius Satellite Radio shareholders approved the deal to merge with XM Satellite Radio Holdings, Inc. Over 96 percent of the votes were cast in favor of the merger. When asked by The Chicago Tribune editorial board last week what would happen if the FCC doesn’t approve the merger, Sirius CEO Mel Karmazin responded: ”Sirius will sue.”

Sirius shares were up 6.16% to $3.62 at 3:30 p.m., while XM stock was up 7.36% to $14.74.

(image via clipart)