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SIRIUS & XM: A Bias Toward The Merger Closing (SIRI, XMSR) |
| Published: September 12, 2007, 10:36 am |
| Tags: mergers buy outs, regulation, satellite |
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We have been steadily reviewing all of the trading in stock and options in shares of both Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR) to look at the probability of the pending merger successfully closing. The open interest in the XMSR JAN-08 $15 Calls is over 60,000 contracts alone (equivalent to 6 million shares), and that is the month to watch because the bias of regulators and the outcome should be known by the end of this year. This is from old volume that has carried over, but the JAN-08 $5 Calls in SIRI still has over 280,000... [ Full article ] |
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