An influential advisory firm for institutional shareholders recommended its clients vote in favor of Sirius Satellite Radio Inc.'s (NASDAQ:SIRI) planned acquisition of rival XM Satellite Radio Holdings Inc. (OTCBB:XMSWW) (OTCBB:XMSRZ) (NASDAQ:XMSR)
It appears that combination would allow shareholders of both companies to participate in the expected benefits of the larger entity.
Big retail investors are running this up nice and slow since $2.76 mark.
Stock will jump to $4.60 to $5.60 a share.
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