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I expect a likely court challenge to be filed on Monday, but it will be buried by the news of the merger and the fact that the court challenge in and of itself does not stop the merger without either a stay granted by the FCC or by the Court. These are very unlikely. By the time the court hears this, the merger will have been completed.
Jul 26 15:49 pm
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All Comments by oregonduck »Sirius / SM Merger Finally Approved - And It Only Took 493 Days! [View article]
Remember, Sirius reports earnings and will be able to give guidance for the combined company on Monday. That is a big deal too. If profit and free cash flow is predicted in '09, we may see more upgrades and a continued rally as institutional buyers continue to buy. I have seen links showing that there are mutual funds that have bought Sirius. Someone should post those. We may see those positions increase as positive guidance is forthcoming. In short, there is really no chance of the company failing and only positive movement into the future.