This is from the xm411 merger forum. Personally I am 100% against the merger.
Quote:
Merger is hardly a slam dunk for approval and a delay is most probable. Deal will get delayed beyond end of year. Look for stocks to take some punishment on this news soon.
http://siriusbuzz.com/stanford-incre...-of-timing.php
An Excerpt:
Survey suggests risk of DOJ challenge may be more real than we thought
At the conference, we conducted an informal survey of 17 antitrust attorneys relating to the Sirius-XM merger. Those expressing a prediction on the issue of regulatory approval had close to 100 years of experience practicing antitrust law. The survey was anonymous and not meant to solicit the formal legal opinion of any particular attorney or (even by implication) government agency on the issues involved in the matter. The results of the survey were:
1) median probability given to merger approval was roughly 47%, the average roughly 48%;
2) 33% predicted that the DOJ would approve the merger, while 67% predicted that the DOJ would challenge the merger; and
3) the consensus was there would be a public announcement of the DOJ’s decision in early 2008, with relatively little expression of the view that it would be announced this year. The survey results were a mild surprise, as we have believed that the FCC is the higher hurdle than the DOJ.
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