Sirius, XM Promise Lower Prices, More Choice

Law360, New York (March 22, 2007, 12:00 AM EDT) -- A merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings would provide a wider menu of programming choices at lower prices, Sirius said Tuesday in a U.S. Securities and Exchange Commission filing.

The filing addressed widespread concerns over the $13 billion “merger of equals” which the satellite broadcasters announced in February.

“The Commission has repeatedly acknowledged that lower prices and increased consumer choice are cognizable public interest benefits,” Sirius said in its application to the SEC. “The applicants will provide customers with more choices...
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