SIRIUS and XM Extend Merger Agreement
WASHINGTON and NEW YORK, Feb 29, 2008 — XM Satellite Radio and SIRIUS Satellite Radio today announced that the companies have agreed not to exercise their rights to terminate the Merger Agreement until May 1, 2008.
The closing of the pending merger remains subject to satisfaction of all applicable conditions, including approval from the Department of Justice and the Federal Communications Commission. For more information on the SIRIUS-XM merger, please visit www.XMmerger.com or www.SIRIUSmerger.com.
makes me wonder if they (regulators) were stalling this decision so the deadline passed and one would back out of deal so both sides wouldn't have to waste more time and money being wrapped up in lawsuits. by soxnationonline
ENOUGH ALREADY!!! by Jon