- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Efforts by Liberty Media (NASDAQ:LMCA) to seize majority control of Sirius (NASDAQ:SIRI) took a step closer to becoming reality this week when the Federal Communications Commission (FCC) issued deadlines for formally opposing the deal.
Those against the proposal now have until November 1 to notify the FCC. After that, responses to any initial opposition will be due November 13 and final replies on November 20.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Liberty, which gave Sirius a $530 million loan to avoid bankruptcy in 2009, is seeking to gain control of 48 percent of Sirius’s voting shares. The company has plans to eventually obtain more than a 50 percent stake.
This isn’t the first time Liberty has sought majority control of Sirius – the FCC struck down a request for de facto control in May.
Don’t Miss: Amazon is Making Enemies.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.