Merger Vote for Stockholders

Balogny Tits

It's not that were better, were just less worse
May 26, 2005
1,049
2
236
Canada
#1
Just received this in my inbox from sirius:

PLEASE VOTE TODAY!

YOUR VOTE IS IMPORTANT


Dear Subscribers and Listeners:

If you are a SIRIUS stockholder we encourage you to VOTE NOW for the merger with XM!


A number of SIRIUS stockholders have still not yet voted in connection with the special meeting scheduled for this Tuesday, November 13, 2007, to approve proposals in connection with the pending merger of SIRIUS and XM Satellite Radio Holdings Inc.

Time is short -- vote by telephone or internet any time day or night! Operators are available to assist you 24 hours a day until our stockholder meeting on Tuesday morning at 9:00 a.m., New York City time. Call our SIRIUS STOCKHOLDER HOTLINE TOLL FREE AT 800-322-2885 or vote via the internet, by going to the web address proxypush.com/siri and follow the instructions on the proxy card we mailed to you. Join the thousands of SIRIUS stockholders who have already voted FOR the merger with XM -- make our vision for the future a reality.

Your vote is very important regardless of the number of shares that you own. Do not underestimate the importance of your vote. We want to hear from all of our 1 million strong individual stockholders. Failure to vote is the same as voting against the merger.

Please vote today. Every vote counts! Thank you for your cooperation and your continued support.


Sirius Satellite Radio Inc.


Important Additional Information and Where to Find It

This communication is being made in respect of the proposed business combination involving SIRIUS and XM. In connection with the proposed transaction, SIRIUS has filed with the SEC a Registration Statement on Form S-4 containing a definitive Joint Proxy Statement/Prospectus and each of SIRIUS and XM may file with the SEC other documents regarding the proposed transaction. The Joint Proxy Statement/Prospectus was first mailed to stockholders of SIRIUS and XM on or about October 9, 2007. INVESTORS AND SECURITY HOLDERS OF SIRIUS AND XM ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS, AS WELL AS OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders can obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC by SIRIUS and XM through the web site maintained by the SEC at www.sec.gov. Free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC can also be obtained by directing a request to Sirius Satellite Radio Inc., 1221 Avenue of the Americas, 36th Floor, New York, NY 10020, Attention: Investor Relations or by directing a request to XM Satellite Radio Holdings Inc., 1500 Eckington Place, N.E. Washington, DC 20002, Attention: Investor Relations.

SIRIUS, XM and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding SIRIUS' directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2006, which was filed with the SEC on March 1, 2007, and its proxy statement for its 2007 annual meeting of stockholders, which was filed with the SEC on April 23, 2007, and information regarding XM's directors and executive officers is available in XM's Annual Report on Form 10-K, for the year ended December 31, 2006, which was filed with the SEC on March 1, 2007 and its proxy statement for its 2007 annual meeting of stockholders, which was filed with the SEC on April 17, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the Joint Proxy Statement/Prospectus filed with the SEC.

Please note: this is not a promotional e-mail. As a SIRIUS subscriber, you will periodically receive service notices via e-mail. These service notices are intended to provide you with helpful information that will facilitate and enhance your SIRIUS listening experience.
 

Pigdango

Silence, you mortal Fuck!
Donator
Jun 22, 2004
76,815
49,542
788
#4
Approved by Sirius shareholders

NEW YORK(AP) Shareholders of Sirius Satellite Radio Inc. on Tuesday approved the company's $5 billion acquisition of rival XM Satellite Radio Holdings Inc.

The approval, which was expected, now leaves the tougher obstacles of regulatory assent by the Department of Justice and the Federal Communications Commission. XM's shareholders were also voting later Tuesday on the deal.

Sirius said in a statement that more than 96 percent of the shareholder votes cast approved the acquisition. The company said it still hopes to complete the deal by the end of the year.

Shareholder advisory firms had endorsed the deal, which would save costs for both companies on acquiring subscribers, programming and broadcasting.

The deal still faces close scrutiny by regulators in Washington, however, and some consumer groups have opposed the combination.

The FCC had originally said the two satellite radio companies couldn't combine, but that rule can be changed. Sirius and XM have argued that satellite radio now faces more competition for listeners since the boom in digital listening devices like Apple Inc.'s iPod, Internet radio and cell phones that can play music.

Sirius and XM have said that a combined company would offer listeners more pricing options and greater choice and flexibility in the channel lineups they receive.

Both Sirius and XM now offer packages of music, talk, sports and other programming for a fixed rate of $12.95 a month. Many of the music channels are commercial-free, and unlike terrestrial radio, the signals can be received anywhere in the U.S.

If the deal is approved, the companies have said they would offer pricing plans ranging from $6.99 per month, for 50 channels offered by one service, up to $16.99 a month, where subscribers would keep their existing service plus choose channels offered by the other service. It isn't possible now to pick channels one by one.
 
Oct 8, 2003
20,592
2
278
Chicago, IL
#5
Any info about this a la cart crap, if O&A are going to be on the basic package or be hidden on a $2 premium again?

We get closer and closer to the merger and every month it's the same minimal info.
 

Hog's Big Ben

Getting ass-***** in The Octagon, brother.
Donator
Jul 28, 2005
28,060
18,211
693
New York
#6
Lying fucking cuntrags!!!

If the deal is approved, the companies have said they would offer pricing plans ranging from $6.99 per month, for 50 channels offered by one service, up to $16.99 a month, where subscribers would keep their existing service plus choose channels offered by the other service. It isn't possible now to pick channels one by one.
Bullshit!!! That $16.99 plan gives you all of your current service and 11 unspecified channels from the other company. You don't get to "choose" anything! If you want all of both services, you pay the exact same fucking thing you pay now.



Coke, O&A are a $3 premium, but only if you choose that $6.99/month plan:

 

krunk

sackboy-licious
Aug 2, 2003
6,403
1
0
Delco, PA
#12
from allaccess.com

Both Sirius And XM Stockholders Approve Merger



SIRIUS SATELLITE RADIO has announced that its stockholders, at a special meeting held TODAY, voted to approve an amendment to its certificate of incorporation and the issuance of SIRIUS common stock in connection with its previously announced merger with XM SATELLITE RADIO HOLDINGS INC.

"We are pleased with the outcome of today's vote," said Chairman/CEO MEL KARMAZIN. "The approval by SIRIUS stockholders of our merger with XM represents a significant step in the approval process, and on behalf of the Board and management team, I want to thank our stockholders for their continued support. We look forward to completing the merger by the end of the year and, together with XM, becoming an even stronger competitor in the ever-expanding audio entertainment marketplace offering consumers more choices at lower prices."

The preliminary tabulation indicates that more than 96% of the shares voted were cast in favor of the transaction.

The transaction is subject to regulatory approvals from the FCC and the DEPARTMENT OF JUSTICE. The transaction is expected to close by the end of the year. XM stockholders will receive a fixed exchange ratio of 4.6 shares of SIRIUS common stock for each share of XM they own. XM and SIRIUS stockholders will each own approximately 50% of the combined company.

XM Says Yes As Well

Meanwhile, XM SATELLITE RADIO HOLDINGS INC. reported at the conclusion of its special meeting of stockholders TODAY that its stockholders have voted to approve the previously announced merger with SIRIUS SATELLITE RADIO INC. The preliminary tabulation indicates that 99.8% of the shares voted were cast in favor of the transaction.

"TODAY's vote is the latest demonstration of the strong support for our merger from a wide range of individuals and prestigious organizations who recognize the benefits that a merger will bring to consumers," said XM Chairma GARY PARSONS. "We are proud to have received support for our merger from organizations representing African Americans, women, rural Americans and Hispanics, as well as from former FCC Chairmen and Commissioners and a diverse group of elected officials. We appreciate our shareholders' overwhelming support."
 

Party Rooster

Unleash The Beast
Apr 27, 2005
40,284
7,454
438
The Inland Empire State
#13
Lying fucking cuntrags!!!

Bullshit!!! That $16.99 plan gives you all of your current service and 11 unspecified channels from the other company. You don't get to "choose" anything! If you want all of both services, you pay the exact same fucking thing you pay now.

Coke, O&A are a $3 premium, but only if you choose that $6.99/month plan:
Actually, those price plans you posted are for current Sirius subscribers.

This is the one for current XM subscribers. So basically unless you don't want to add Sirius content, everything stays the same.



I'm pretty sure the main stipulation by the powers that be would be that current subscribers of both services would remain unaffected by price and program offerings if they chose to do nothing with their subscriptions.

When I resubbed after the suspension, I paid for three years in advance which came out to a little less than $10 bucks a month, but I'm locked in until 2010. This might be something people should consider doing because you can cancel anytime and get a full refund.
 

SOS

ONA
Wackbag Staff
Aug 14, 2000
48,197
8,897
1,038
USA
#14
Forbes

Shareholders Back Sirius/XM Merger
Evelyn M. Rusli, 11.13.07, 3:15 PM ET

Sirius and XM are one step closer to a merger.

In a widely anticipated move, Sirius Satellite Radio (nasdaq: SIRI - news - people ) shareholders approved the deal on Tuesday. The deal passed by an overwhelming 96% margin. XM Satellite Radio (nasdaq: XMSR - news - people ) shareholders are expected to approve the deal later today in Washington D.C. Although the announcement was no surprise, both companies moved a few notches higher in afternoon trading.

Shares of XM jumed 4.5%, or 62 cents, to $14.35, while Sirius climbed 4.1%, or 14 cents, to $3.55.

Now that the shareholders are on board, momentum seems to be building for an eventual union. Of course, federal regulators remain the roadblock. Both the Department of Justice and the Federal Communications Commission must greenlight the deal.

Federal resistance seems to be easing. Last week, the FCC sent detailed questionnaires to both companies, asking for more information on the planned merger and business operations. The FCC also pressed the companies to file their responses by November 16.

According to analysts, the surveys and the tight deadline could indicate that the FCC is on the brink of approving the merger. “The Department of Justice likely is close to allowing the deal, which would necessitate the FCC to expeditiously complete the documentation process,” Bear Stearns (nyse: BSC - news - people ) analyst Robert Peck said. “If the Department of Justice were close to denying the deal, the need for such detailed information would not have arisen in the first place.”

Federal regulators are wrestling with the question of monopoly. Does the combination of Sirius and XM create one? At the heart of this debate, is how to define the companies' market. If the regulators zero in on the satellite radio market, then the combination clearly creates a monopoly. However, proponents of the merger say that's an antiquated perspective. With the rise of the internet and a plethora of entertainment sources (such as iTunes and internet radio) Sirius and XM are competing with all the content providers. Under this market definition, a merger would be ratified.

"If the two satellite radio companies, each only several years old, need to combine to be more effective competitors in an audio entertainment marketplace teeming with technological change and innovation, the government should not stand in the way," former Federal Communications Commission chairman Mark Fowler said in September.

Back in July, Banc of America analyst Jonathan Jacoby said the chance of approval was less than 40%. He added, however, that the chance of approval could rise above 50% if the Federal Communications Commission didn't squash the merger by September 10. Now that the September 10 marker has passed--without disruption--investors are more confident. Last week, Citi Investment Research analyst Eileen Furukawa, said the chance of approval was greater 60%. (See: "XM And Sirius: When Satellites Collide.")

Meanwhile, legislators and former federal officials, have thrown their weight behind the XM/Sirius merger.

Last month, a group of Democrats from the House of Representatives sent a letter to the Federal Communications Commission Chairman Kevin Martin, calling him to approve the merger. "We firmly believe that allowing these satellite-radio companies to merger in order to be able to better meet the content needs of this market on a national basis, with exceptional digital sound quality and no commercials, at relatively low costs to the consumer, is in the public interest," the letter said.

-- The Associated Press contributed to this report.
Reuters

XM shareholders approve Sirius merger
Tue Nov 13, 2007 3:35pm EST


WASHINGTON, Nov 13 (Reuters) - XM Satellite Radio Holdings Inc (XMSR) said on Tuesday its shareholders voted to approve a merger with rival Sirius Satellite Radio Inc (SIRI).

The vote by shareholders of XM, home to programming such as Oprah Winfrey and Major League Baseball, came after Sirius shareholders agreed earlier on Tuesday to issue more stock to help pay for the deal.

The companies expect the deal, which has been challenged by terrestrial radio broadcasters as anti-competitive, to be completed this year. It must win approval from the U.S. Department of Justice and the Federal Communications Commission. (Reporting by Diane Bartz and Franklin Paul, editing by Leslie Gevirtz)
FMQB

XM, Sirius Stockholders Say Yes To Merger Deal
November 13, 2007

While the FCC and the Department of Justice continue to mull the proposed Sirius and XM Satellite Radio merger, Sirius and XM stockholders have both voiced their approval of the deal. At a meeting of Sirius stockholders held today, they voted to approve an amendment to its certificate of incorporation and the issuance of Sirius common stock in connection with the merger. More than 96 percent of the shares voted were cast in favor of the transaction. Also today, XM stockholders voted to approve the merger. The preliminary tabulation indicates that 99.8 percent of the shares voted were cast in favor of the transaction.

"We are pleased with the outcome of today’s vote," said Sirius Chairman and CEO Mel Karmazin. "The approval by Sirius stockholders of our merger with XM represents a significant step in the approval process, and on behalf of the Board and management team, I want to thank our stockholders for their continued support. We look forward to completing the merger by the end of the year and, together with XM, becoming an even stronger competitor in the ever expanding audio entertainment marketplace offering consumers more choices at lower prices."

XM Chairman of the Board Gary Parsons added, "Today's vote is the latest demonstration of the strong support for our merger from a wide range of individuals and prestigious organizations who recognize the benefits that a merger will bring to consumers. We are proud to have received support for our merger from organizations representing African Americans, women, rural Americans and Hispanics, as well as from former FCC Chairmen and Commissioners and a diverse group of elected officials. We appreciate our shareholders' overwhelming support."

If the deal goes through, XM stockholders will receive a fixed exchange ratio of 4.6 shares of Sirius common stock for each share of XM they own. XM and Sirius stockholders will each own approximately 50 percent of the combined company.
 

Party Rooster

Unleash The Beast
Apr 27, 2005
40,284
7,454
438
The Inland Empire State
#15
I don't think that anybody would think that the shareholders would vote against the merger. They're figuring that's the only way they could eventually break even or make money would be this merger.
 

godojo

Registered User
Oct 4, 2004
45
0
0
#18
XM, Sirius Shareholders Approve Takeover

[media]http://biz.yahoo.com/ap/071113/sirius_xm.html?.v=9[/media]

Good Luck, Bro(s)