XM Satellite Radio XMSR (news,
chart,
quote) - XMSR volatility Up; Shares at five-year low into FCC vote
XMSR closed at $7.38. XMSR and SIRI announced a merger of equals in February of 2007. XMSR shareholders will receive 4.6 SIRI shares for each XMSR share. The FCC Chairman Kevin Martin recommended approval of the SIRI-XMSR merger. The FCC Commissioners could rule on the proposed merger soon. XMSR July option implied volatility of 114 is above its 26-week average of 79 according to Track Data, suggesting larger price movement.
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