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Paul Larkin, Jul 26, 2007
On February 19, 2007, America’s two satellite radio companies -XM, based in Washington, D.C., and Sirius, based in New York City- proposed a merger of the two firms. The union would be accomplished by an exchange of shares that would leave each company’s stockholders owning half of the new firm, which, according to estimates made at the time of the announcement, would be worth approximately $1
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