And Then There Was One – Sirius To Buy XM

One American satellite radio provider buys the other. “Under the agreement announced by the two companies on Monday, XM shareholders would receive 4.6 Sirius shares for each XM share held, or a 21.7 percent premium to XM’s closing share price of $13.98 on Friday. Sirius would be paying about $4.6 billion in stock for XM based on shares outstanding.”