Sirius XM resumes trading, jumps above Liberty's offer price

|About: Liberty Media Corp (FWONA)|By:, SA News Editor

After coming off a halt, Sirius XM (SIRI) is trading at $3.75 after hours in the wake of Liberty Media's (LMCA) offer to assume full ownership of the satellite radio owner.

That represents a 5% gain from Sirius' closing price of $3.57, and is 1.9% above the $3.68/share buyout price implied by Liberty's all-stock offer. Some Sirius shareholders might be betting on a better offer arriving.

Liberty shares are up 0.5% AH.