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Liberty Media (LMCA +0.5%) closes a deal to buy 302M shares of Sirius XM (SIRI -2.7%) at $2.15 a...

Liberty Media (LMCA +0.5%) closes a deal to buy 302M shares of Sirius XM (SIRI -2.7%) at $2.15 a pop to take its stake up to 45.2%. The move follows a string of maneuvers by Liberty aimed at gaining "de facto" control of Siri.
Comments (3)
  • tangosquared
    , contributor
    Comments (8) | Send Message
     
    Hang on... here we go!
    8 May 2012, 11:52 AM Reply Like
  • dealjunkie
    , contributor
    Comments (42) | Send Message
     
    This is clearly not in the best interests of the non Liberty shareholders.

     

    A lawsuit will surely be filed this week. Every penny insiders received above 2.15 is owed to the remaining shareholders

     

    Thanks Mel, See you in court.
    8 May 2012, 12:00 PM Reply Like
  • tangosquared
    , contributor
    Comments (8) | Send Message
     
    @dealjunkie - I ain't too happy about this either.
    8 May 2012, 12:37 PM Reply Like
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