Whole Foods Gives XM, Sirius a Boost
Shares of XM Satellite Radio Holdings of the District and Sirius Satellite Radio of New York rose yesterday after an analyst said a cleared hurdle for the proposed Whole Foods-Wild Oats deal boded well for a merger of the satellite radio operators.
XM closed at $10.86, up 31 cents, or 2.9 percent. Sirius closed at $2.80, up 9 cents, or 3.3 percent.
Sirius and XM have agreed to merge, but antitrust concerns have put the deal under heavy regulatory scrutiny.
-- Associated Press