XM-Sirius Shareholder Merger Vote Set for Nov. 13

Shareholders of both XM and Sirius Satellite Radio will vote Nov. 13 on the proposed merger. Regulators are still reviewing the deal.
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Shareholders of both XM and Sirius Satellite Radio will vote Nov. 13 on the proposed merger. Regulators are still reviewing the deal.

In a filing with the Securities and Exchange Commission, Sirius revealed the date. Under the proposed deal, shareholders of each company would get approximately 50–50 ownership in a combined company.

XM shareholders would get 4.6 Sirius shares for each XM share and XM would become a wholly owned subsidiary of Sirius.

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