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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.

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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