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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:14 EDTLMCA, SIRISirius XM to defer stock buyback from Liberty Media until April 25
SiriusXM (SIRI) announced that the special committee of its board has retained Evercore Group to act as its financial advisor and Weil, Gotshal & Manges to act as its legal counsel to assist and advise the special committee in connection with its evaluation of Liberty Media Corporation's (LMCA) proposal to acquire all of the outstanding shares of common stock of SiriusXM not owned by Liberty Media. SiriusXM formed the special committee, comprised entirely of independent directors not affiliated with Liberty Media, following SiriusXM's receipt of Liberty Media's proposal on January 3. The special committee intends to work with its financial and legal advisors to, among other things, review and evaluate whether the Liberty Media proposal is in the best interests of SiriusXM and its stockholders, other than Liberty. In addition, in light of SiriusXM's receipt of Liberty Media's proposal, the special committee has authorized SiriusXM to enter into an agreement with Liberty Media to defer the previously scheduled $240M repurchase of shares of SiriusXM common stock from Liberty Media from January 27 to April 25. As a result of this deferral, SiriusXM will repurchase $340M of its shares of common stock from Liberty Media on April 25 at a price of $3.66 per share.
News For SIRI;LMCA From The Last 14 Days
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February 2, 2016
07:06 EDTSIRISirius XM sees FY16 revenue $4.9B, consensus $4.93B
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07:05 EDTSIRISirius XM expects net subscriber additions of approximately 1.4M
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07:05 EDTSIRISirius XM reports Q4-end subscriber base 29.6M
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07:04 EDTSIRISirius XM reports Q4 EPS 3c, consensus 3c
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February 1, 2016
14:32 EDTSIRINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
07:06 EDTSIRISirius XM's intention to implement NCIB accepted by Toronto Stock Exchange
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