XM & Sirius To Merge

H

Handsome

Monday February 19, 3:03 pm ET
Satellite Radio Rivals XM and Sirius Agree to Merge, but Regulatory Hurdles Remain

NEW YORK (AP) -- XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. have agreed to merge, the two companies said Monday.
The deal would consolidate the only two companies in the emerging business of subscription-only satellite radio, and is sure to face tough scrutiny from federal regulators. Investors and analysts have been speculating about a deal for months.

The two companies said in a statement that Mel Karmazin, the CEO of Sirius, would become chief executive of the new company while Gary Parsons, the chairman of XM, would remain in that role.

http://biz.yahoo.com/ap/070219/xm_radio_sirius.html?.v=8
 
I tried to post the above twice in the Stock forum but it wouldn't take for some reason..site is acting screwy as it posted it here in the trading forum. :confused:
 
Options Get Options for:




View By Expiration: Mar 07 | Apr 07 | Jul 07 | Jan 08 | Jan 09
CALL OPTIONS Expire at close Fri, Jul 20, 2007

Strike Symbol Last Chg Bid Ask Vol Open Int
7.50 QSYGU.X 6.63 0.00 N/A N/A 15 343
10.00 QSYGB.X 4.50 0.00 N/A N/A 124 439
12.50 QSYGV.X 2.78 0.00 N/A N/A 15 618
15.00 QSYGC.X 1.65 0.00 N/A N/A 490 3,385
17.50 QSYGW.X 0.90 0.00 N/A N/A 3,267 29,557
20.00 QSYGD.X 0.40 0.00 N/A N/A 189 3,297
22.50 QSYGX.X 0.25 0.00 N/A N/A 30,863 8,891


PUT OPTIONS Expire at close Fri, Jul 20, 2007

Strike Symbol Last Chg Bid Ask Vol Open Int
7.50 QSYSU.X 0.14 0.00 N/A N/A 63 82
10.00 QSYSB.X 0.45 0.00 N/A N/A 57 2,316
12.50 QSYSV.X 1.25 0.00 N/A N/A 10 11,411
15.00 QSYSC.X 2.45 0.00 N/A N/A 113 1,715
17.50 QSYSW.X 4.70 0.00 N/A N/A 25 1,425
20.00 QSYSD.X 6.20 0.00 N/A N/A 40 420



Highlighted options are in-the-money.



look at the july 07 22.50 calls 30,863 they were .25 on friday I wonder whats going to happen to them tues, there must be a reason for the far out of the money volume
 
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