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XM, Sirius delay shareholders pending FCC ruling
Submitted by Benton Foundation on April 29, 2008 - 7:37pm
Source: Associated Press
XM, SIRIUS DELAY SHAREHOLDERS PENDING FCC RULING
XM Satellite Radio and Sirius Satellite Radio on Tuesday postponed their annual shareholder meetings, pending further information about the timing of the planned combination of the two companies. The XM stockholders' meeting was scheduled for Friday. Sirius' meeting was slated for May 20. The Federal Communications Commission, which prohibited a merger when it granted satellite radio operating licenses in 1997, has yet to rule on the plan.
http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20080429/FREE/47...
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