Sirius And XM Announce $13 Billion Merger of Equals
Submit on Tuesday, February 20th, 2007 12:00
XM Satellite Radio and Sirius Satellite Radio on Feb. 19 announced a definitive agreement under which the companies would combine in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $13 billion, which includes net debt of approximately $1.6 billion. Under the terms of…
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