Replies to post #9343 on Sirius XM Holdings Inc (SIRI)

[dragon52]

Possible but they don't have to announce it...

come Tuesday we will know whether SIRI is still trading as SIRI or SIRIQ.

Odd's on favorite that a deal will be struck... Karmazin will have to give in... if this is true that Ergen made an offer.

"The Journal notes the gap between what Ergen has proposed and Sirius has asked for has narrowed, but the parties haven't reached agreement yet on other, nonfinancial issues. Ergen is prepared to let Sirius CEO Mel Karmazin retain his position, the newspaper reports.

Ergen, who controls Dish Network(DISH Quote - Cramer on DISH - Stock Picks) and EchoStar(SATS Quote - Cramer on SATS - Stock Picks), has offered to inject about $500 million into Sirius and restructure the debt he holds in the company in return for control. The offer is contingent on the successful renegotiation of about $600 million in Sirius bank loans and about $200 million in other debt, the Journal reports.

Under Liberty's plan, the company wouldn't acquire Sirius outright or seek to pair it with DirectTV(DTV Quote - Cramer on DTV - Stock Picks), the satellite-TV provider Liberty controls. Liberty would make an investment that would enable Sirius to meet its credit obligations in return for a large stake, the newspaper reports. Neither offer involves buying out Sirius's equity holders. "

Question now is... what is a large stake..steak?

I'll take mine medium rare please....