Bullboard - Stock Discussion Forum Sirius XM Canada Holdings Inc T.XSR

Consumer Cyclical Broadcasting - Radio

"Sirius XM Canada Holdings Inc is a radio broadcasting company with approximately 2.7 million total subscribers. The company broadcasts music, sports, talk, entertainment and other content on a subscription fee basis in Canada. It includes over 12 Canadian channels designed and developed from studios in Toronto, Montreal, and Vancouver. It derives revenues from the sale of subscriptions... see more

Add To Watchlist

TSX:XSR - Post Discussion

Sirius XM Canada Holdings Inc > Missing something

View:

Post by martineau090 on Mar 08, 2017 5:08pm

Missing something

If someone can explain the situation to me, will be appreciated. The company talking to go private and buy the shares at 4.80$. Waiting for approval... But the stock is always going up... why people would like to buy this stock at 5.60$ if the company gonna buying back at 4.80$.
I don't understand this situation...
Thanks to you if you can explain the situation

472

Comment

Comment by cruiser1 on Mar 10, 2017 4:32am

The company is going to be stolen internally by insiders and Sirius USA for .898 of a siri share for 74% and bascially $4.50 cash at 26%. That calculation is due to the CBC selling its shares for $4.50 in cash completely. When you do the math, which incluses the foreign exchange , you get a value for the sale at about $6 canadian, sometimes less. The stock is trading higher these days as the deal ...more

502

Comment