SIRI - Why Sirius XM Stock Is Sliding Tuesday | Benzinga
Sirius XM Holdings Inc (NASDAQ: SIRI) shares are trading lower Tuesday after Liberty Media Corp (NASDAQ: LSXMA) proposed a business combination with the company.
What Happened: Liberty Media sent a proposal to the special committee of the board of Sirius XM, outlining the terms of a proposed business combination.
Under terms of the proposal, Liberty would separate LSXM by means of a redemptive split-off of ...