(excerpts from report)
Shareholders of the nation's only two satellite radio companies are scheduled to vote Nov. 13 on Sirius Satellite Radio Inc.'s proposed multibillion-dollar acquisition of XM Satellite Radio Holdings Inc.
XM shareholders must vote in favor of the buyout, while Sirius investors must approve the issuance of shares and other related matters. XM shareholders of record at the close of business Monday and Sirius stockholders as of Tuesday are eligible to vote.
Now, the FCC, which is reviewing the deal and could take until the end of the year or longer, must decide if transferring both licenses to one company is in the public interest.