Analyst: DOJ About To Approve XM-Sirius Merger
November 30, 2007 at 9:49 AM (PT)
A BEAR STEARNS analyst's research note to clients that asserted that JUSTICE DEPARTMENT approval of the XM-SIRIUS merger is imminent sent both satellite companies' stocks up in FRIDAY trading.
ROBERT PECK told clients that while the "final outcome remains uncertain," he expects the DOJ to approve the deal, possibly as soon as TODAY or MONDAY. The deal would still require FCC approval, which he expects before year-end.