vard, if you use todays closing prices on both stocks,each share of XM stock would cost SIRI $2.34 extra, on the agreed deal of 1 share of XM for every 4.6 shares of Sirius. You've done your math well. Florida
Your new at this. 1 Share of Sirius is not equal to one share of XM. Sirius has about 3.8 times as many shares as XM does. You have to compare market caps, not pps's.