Sirius, XM shares surge on antitrust clearance

Mon Mar 24, 2008 4:34pm EDT
 
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NEW YORK (Reuters) - Shares of satellite radio operators XM Satellite Radio Inc and Sirius Satellite Radio Inc surged on Monday after U.S. antitrust authorities approved Sirius' plan to acquire XM.

Sirius shares were up 9.3 percent to $3.17 and XM shares jumped 18.1 percent to $14.09, both on the Nasdaq.

 

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