Tue 09/26/2023 12:20 PM
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Michael McCaffery, CFA
Credit Research

Relevant Items:
Liberty Proposal for Sirius XM Announcement
Sirius XM Satellite Q2’23 10Q
Liberty Media Q2’23 10Q
Sirius XM Satellite Initiation
Key Takeaways

 

  • Consistent with our thesis when we initiated coverage on Sirius XM Satellite last month, Liberty Media has proposed a transaction to merge its tracker stock, Liberty Sirius XM Satellite, which holds its approximately 83% stake in Sirius XM Satellite, with Sirius XM Satellite.

  • ...
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