Sirius + XM Merger: 70%-plus chance of approval - Orbitcast

Sirius + XM Merger: 70%-plus chance of approval

| 16 Comments | 1 TrackBack

XM and Sirius Merger chances over 70%

If you thought Citigroup putting the chances of the Sirius-XM merger at 69% was being optimistic, wait till you see what Tom Watts of Cowen & Company wrote in a recent note issued to clients.

Watts finds that there's a “70%-plus chance” that the merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. wins government approval.

The Cowen & Company analyst says the Department of Justice decision should come “relatively soon,” with both companies in full compliance with the DoJ’s information requests. He says a ruling from the FCC should follow soon after. About a month ago, Watts said that approval of the deal could come as early as October.

Watts has Outperform ratings on both stocks, “even without M&A potential.” He thinks both companies can beat the market on free cash flow potential alone. Watts also feels that XM and Sirius set conservative subscriber growth estimates for 2007, “setting the stage for out-performance in the second half.”

[Barrons]

1 TrackBack

An analyst at Cowen & Company is pegging the chances of the XM/Sirius merger netting government approval at "70 percent plus," with a saucy number cruncher at Citigroup putting the odds at 69 percent. Regardless, it's a sexier picture for... Read More

16 Comments

I'm going to one-up them and predict a 71% chance.

pfreak... that's just crazy talk!

I'm predicting 100% chance for approval, based on the parties giving 110% effort on resolving the DoJ and FCC's concerns! Can you top that, pfreak? ;-)

*Notice: Any use of the above information for investment purposes is a sign of insanity, and should be treated by a medical professional.

I was quite happy with the 69 myself. I felt it was the perfect arbitrary number.

Phreak, perhaps more than that!

How much money you guys have invested in Sirius or XM? If any?

based on the wind speed south of the Congo and 6 fish I saw a small white man carrying...I think the chances are 76.25% that the merger will be apporved

...of course, this is just one analysts view. Make your investment decisions on someone else's fish, not mine.

Dave, $12.95. thank you Tom C

What is wrong with you guys? I just want to make some money and own a
great stock. Read some to the past posts and news, we will be able to
raise prices in order to start making money.

What is wrong with being the only Sat. Radio provider? Please tell
me, Please. It is the only way we cant become profitable and get the
price of our stock up.

Why else would the price of the stock rise if we did not get exclusive
Satellite right throughout the US and Canada. Why is everyone so
afraid of talking about the benefits of the merger and having
exclusive rights to ALL the US. What is wrong with you guys?

What is wrong with you guys? I just want to make some money and own a
great stock. Read some to the past posts and news, we will be able to
raise prices in order to start making money.

What is wrong with being the only Sat. Radio provider? Please tell
me, Please. It is the only way we cant become profitable and get the
price of our stock up.

Why else would the price of the stock rise if we did not get exclusive
Satellite right throughout the US and Canada. Why is everyone so
afraid of talking about the benefits of the merger and having
exclusive rights to ALL the US. What is wrong with you guys?

you're a moron

Sad that so many have so little understaning.
Satellite radio is so special in that only Sirius and XM can do it.
Other satellite services reuse the bandwith they use Satellite radio CANNOT do that and had to get other countries to give up the frequencies they use.
I give the merger 99.9% Even with no merger Sirius will do great.

I give it a 100% chance of approval with a .00001% chance of seeing any benefit to the consumers.

I give this discussion a 99.5% chance of devolving into an O&A vs. Stern faggotry war within 5 posts.

According to a story in The New York Times , the Financial Times "as of mid- October will allow users to get up to 30 articles a month for free, said John Ridding, chief executive of the newspaper. Anyone who wants to view more online material will have to subscribe to the site."

This morning the Eagle takes a look at what might have been for the Brooklyn House of Detention and appears to be quite wooed by the plan Hamlin Ventures; Times Equities, and Common Ground Community submitted: "the proposal called for a different approach to handling low- level, non- violent offenders, who constitute the overwhelming population of this facility, while adding 490 units of affordable and market- rate housing, plus retail, all in a stunning physical environment that disguises the existence of a...