XM Shares Fall as Sirius Merger Remains Stalled

XM SHARES FALL AS SIRIUS MERGER REMAINS STALLED
[SOURCE: Bloomberg News]
Shares of XM Satellite Radio Holdings, the largest U.S. satellite radio service, fell the most in 4 1/2 years yesterday, signaling that investors are wondering whether the company's $4.31 billion merger with Sirius Satellite Radio will go through as planned. The company is awaiting regulatory approval in an all-stock deal in which XM investors would receive 4.6 shares of Sirius for each XM share they own. Sirius chief executive Mel Karmazin said yesterday that he could not predict whether regulators would approve the deal this month.
http://www.washingtonpost.com/wp-dyn/content/article/2008/01/09/AR200801...
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