(Bloomberg) -- Since Sirius Satellite Radio Inc.
Chief Executive Officer Mel Karmazin agreed to buy his only
rival, investors have sold both stocks in a bet regulators will
block the deal. Now some analysts say the shares are undervalued.
Sirius, based in New York, and larger XM Satellite Radio
Holdings Inc. have seen their shares fall since the union of the
only two pay-radio companies was announced Feb. 19.
Read more at Bloomberg Exclusive News
Chief Executive Officer Mel Karmazin agreed to buy his only
rival, investors have sold both stocks in a bet regulators will
block the deal. Now some analysts say the shares are undervalued.
Sirius, based in New York, and larger XM Satellite Radio
Holdings Inc. have seen their shares fall since the union of the
only two pay-radio companies was announced Feb. 19.
Read more at Bloomberg Exclusive News
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