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XSR - Sirius XM Canada Holdings Inc News Story

C$4.49 -0.0  -0.2%

Last Trade - 26/05/17

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £202.4m
Position in Universe th / 2707

Sirius XM Canada "strongly disagrees" with shareholder complaint

Tue 19th July, 2016 11:08pm
July 19 (Reuters) - Satellite radio service provider Sirius 
XM Canada Holdings Inc  XSR.TO  said it "strongly disagrees" 
with a complaint filed by some shareholders in connection with 
the company's plan to go private. 
    Sirius XM Canada agreed in May to be acquired and taken 
private by SiriusXM Holdings Inc  SIRI.O , its biggest 
shareholder, along with two of its top Canadian shareholders. 
 urn:newsml:reuters.com:*:nL3N18A3ZZ 
    The shareholder complaint, filed with the Ontario Securities 
Commission, raised concerns over the proposed recapitalization 
of the company by way of the going-private transaction. 
 urn:newsml:reuters.com:*:nCNWMQHrra 
    SiriusXM Canada said on Tuesday the recapitalization was "in 
the best interest of the company," adding that it would present 
its position to the regulator "shortly". 
 
 (Reporting by Alan John Koshy in Bengaluru) 
 ((AlanJohn.Koshy@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 6373; Reuters Messaging: Reuters 
Messaging: alanjohn.koshy.thomsonreuters.com@reuters.net)) 
 
Keywords: SIRIUS XM HLDG SHAREHOLDERS/
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