Sirius XM Radio still trades at premium to LMCA bid


Ralph Nader speaks out about Liberty Media's (LMCA) pursuit of Sirius XM Radio (SIRI) which has stirred some debate.

The legendary consumer advocate isn't concerned about the direction of the companies involved, he just thinks the offer is too low for SIRI shareholders.

SIRI +0.8% premarket to $3.86 vs. LMCA's bid of $3.68.

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Comments (11)
  • sara1
    , contributor
    Comments (12) | Send Message
     
    Well played by LMCA. Put in a low offer, the share price goes up, the independent council counters with the share price and LMCA gets it right where they planned and everyone happy. Hats off Mr. Malone.
    7 Jan 2014, 08:06 AM Reply Like
  • vaporgold
    , contributor
    Comments (82) | Send Message
     
    Just vote No
    7 Jan 2014, 09:19 AM Reply Like
  • Chancer
    , contributor
    Comments (4046) | Send Message
     
    I thought Nader was dead.

     

    Was Malone's offer so bad that Nader sat up in his grave an said: "Bad! Bad! Malone!"?
    7 Jan 2014, 09:46 AM Reply Like
  • Sam Johnston1
    , contributor
    Comments (514) | Send Message
     
    Shorts are getting desperate. Nader has clout and if Icahn get's on board you best cover if you haven't already....I bet you have.....lmbo
    7 Jan 2014, 11:04 AM Reply Like
  • countr307
    , contributor
    Comments (43) | Send Message
     
    SIRIUS. Has been very good to Howard Stern I am very surprised that he not saying anything about this low offer. Could it be that they paid him off with LMCA stock?
    7 Jan 2014, 10:03 AM Reply Like
  • Sam Johnston1
    , contributor
    Comments (514) | Send Message
     
    That would be stupid. Howard know that Malone may soon be his boss. Making a statement now could jeopardize his future prospects with Sirius XM. He's best off to keep his mouth shut. He already gets paid huge bucks so why would he care?
    7 Jan 2014, 11:03 AM Reply Like
  • Sam Johnston1
    , contributor
    Comments (514) | Send Message
     
    This "low ball" bid wasn't by coincidence. Anyone that knows the ins and outs of bidding knows you always low ball to start the process. Malone already knew there would be backlash. The CEO of Liberty also knew it and that's why he made the comment about them willing to negotiate. If the bid was firm he would have never made such a comment or he would have been canned. I'm thinking when everything is finalized the bid will be in he lower 4's.
    7 Jan 2014, 11:02 AM Reply Like
  • Sherwyn
    , contributor
    Comments (106) | Send Message
     
    I am not even listening until it gets to $4.25....................
    7 Jan 2014, 12:01 PM Reply Like
  • 2birds3
    , contributor
    Comments (43) | Send Message
     
    LOOKING FOR $4.75..........
    7 Jan 2014, 12:25 PM Reply Like
  • Bullbythehorns
    , contributor
    Comments (28) | Send Message
     
    Keep looking.....
    7 Jan 2014, 01:10 PM Reply Like
  • OCTO
    , contributor
    Comments (53) | Send Message
     
    So far 3 LLP ; Levi & K ,Bernstein ,Block & Leviton promise their investigation and so on....Is this a good think ? what can we hope from that ? anyone know ?
    7 Jan 2014, 02:19 PM Reply Like
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