XM, Sirius Delay Annual Meetings Pending Merger

Authored by Mark Hefflinger on April 29, 2008 - 7:13am.

Washington - With their merger possibly on the brink of completion, XM Satellite Radio (NASD: XMSR) and Sirius Satellite Radio (NASD: SIRI) both announced on Tuesday that they would both postpone their annual meetings. The two companies continue to await a decision on the deal by the Federal Communications Commission (FCC).

The Department of Justice granted its approval in March, saying that the deal "is not likely to harm consumers."

XM's annual meeting had been scheduled for May 23, with Sirius' scheduled for May 20.