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SIRI data by YCharts. SiriusXM goes in reverse. The major news with SiriusXM last month was its reverse split and spinoff from Liberty Media. On Sept. 9 after markets closed, Liberty Sirius XM ...
On Sep. 9, Sirius XM completed its split-off and merger transaction with Liberty Media which included a 1-for-10 reverse split. This means that shareholders of the stock received one new share for ...
When the tracking shares were absorbed into the common stock this past summer -- the reason for the 1-for-10 stock split -- Berkshire Hathaway converted its entire stake into Sirius XM.
Each share of XM stock was replaced with 4.6 shares of Sirius stock. Each company's stockholders initially retained approximately 50% of the joined company. [ 49 ] At the time of the merger, Sirius' top programming included channels for Howard Stern , and Martha Stewart ; live NBA and NFL games; and live NASCAR races.
The transaction reduced the number of shares outstanding by approximately 12%, after which the company enacted a 1-for-10 reverse stock split that lifted the share price out of the penny-stock range.
With its stock price down more than 50% on the year, Sirius XM's (NASDAQ: SIRI) management has turned its focus to next year and what efforts it will need to make to turn its fortunes around.
Before you buy stock in Sirius XM, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sirius XM wasn ...
It did adjust its free-cash-flow projection from $1.2 billion to $1 billion, but that $200 million haircut is related to the transaction and historical outflows at Liberty Sirius XM Holdings. The ...