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Stock Market & Financial Investment News

News Breaks
January 3, 2014
16:38 EDTSIRI, LMCALiberty Media proposes to make Sirius XM subsidiary of company
Liberty Media (LMCA) announced that it has made a proposal to Sirius XM (SIRI) that outlines the terms by which Sirius public shareholders would become shareholders of Liberty in a tax-free transaction in which each share of Sirius common stock would be converted into 0.0760 of a new share of Liberty Series C common stock, and, immediately prior to such conversion, Liberty intends to distribute, on a 2:1 basis, shares of Liberty’s Series C common stock to all holders of record of Liberty’s Series A and B common stock to create a liquid trading market for Liberty’s Series C common stock. Upon the completion of the proposed transaction, Liberty expects that Sirius’ public shareholders would own approximately 39% of Liberty’s then-outstanding common stock. The proposed exchange ratio of 0.0760 would value Sirius common shares at approximately $3.68 per share based on closing prices of Liberty’s Series A shares on January 3. This exchange ratio represents a 4.5% premium to the exchange ratio implied by the closing prices of Liberty’s Series A and Sirius’ shares on January 2 and a 3.1% premium to the exchange ratio implied by the closing share prices of January 3.
News For LMCA;SIRI From The Last 14 Days
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April 24, 2014
07:51 EDTSIRISirius XM reports Q1 net subscriber additions of 266,799
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07:16 EDTSIRISirius XM sees FY14 net subscriber additions of approximately 1.25M
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07:15 EDTSIRISirius XM backs FY14 revenue of at least $4B, consensus $4.13B
Sees FY14 adjusted EBITDA of approximately $1.38B; Sees FY14 free cash flow approaching $1.1B.
07:14 EDTSIRISirius XM reports Q1 EPS 2c, consensus 2c
Reports Q1 revenue $997.7M, consensus $994.58M
April 23, 2014
08:08 EDTSIRISplunk, Big Lots on FBR's list of stocks that can double
FBR Capital compiled a list of stocks it believes can double within two years. The names on the list are: Big Lots (BIG), Children's Place (PLCE), Crane (CR), Dycom (DY), NCI Building Systems (NCS), Orbital Sciences (ORB), Orion Marine (ORN), Northstar Realty (NRF), World Acceptance (WRLD), Aegerion (AEGR), Novavax (NVAX), Cedar Fair (FUN), Sirius XM (SIRI), Sonus Networks (SONS), Splunk (SPLK) and Web.com (WWWW).
April 22, 2014
15:25 EDTSIRISirius, Pandora reports should show demand fears unfounded, says FBR Capital
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April 15, 2014
10:16 EDTSIRIPandora rises after optimistic notes from analysts
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April 11, 2014
08:58 EDTSIRISirius XM debt move clears way for more buybacks, says FBR Capital
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April 10, 2014
09:37 EDTSIRIActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C

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