Media
Bear Stearns Chimes In On XM & Sirius Merger (XMSR, SIRI)
Published:
Last Updated:
Bear Stearns has a research note out calling for an imminent decision on the regulatory approval decision regarding the merger between Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR). This does not say that the merger is a done deal, but it gives some upside targets if this merger gets approved.
Bear Stearns believes the following targets can be hit if the merger is approved:
- $20.00 on XM Satellite; compared to $13.74 close yesterday.
- $4.50 on Sirius Satellite; compared to $3.52 close yesterday.
Just last week, 24/7 Wall St. covered the possibilities of this coming more true. The Sirius & XM merger has been under review for our own Special Situation Investing Newsletter where we cover mergers, break-ups, spin-offs, divestitures, back door plays into IPO’s and reorganizations that create hidden value opportunities for shareholders.
Jon C. Ogg
November 30, 2007
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
