Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) hav extended their merger agreement to May 1, 2008. As a reminder, Jim Cramer recently called out all the congressmen that he felt were unfairly holding this merger up.
Originally, the companies could walk away from the deal after March 1, 2008. After all, this has been "a pending merger" for more than a year now. These two companies are still waiting for regulatory approval from the Department of Justice and the Federal Communications Commission.
Sirius was down $0.07 to $2.85 and XM was down $0.45 to $11.65 on last look in mid-day trading. Neither company saw much movement from earnings because the real issue revolves around the merger being approved or denied at this point.
Jon C. Ogg
February 29, 2008
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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