Liberty Media (NASDAQ:LMCA) stalks Sirius XM (NASDAQ:SIRI) with another purchase of 31 million shares at $2.49 each, boosting its stake from 49.2 percent to 49.7 percent, in its relentless quest for outright control of the satellite radio service. The 50 percent mark is now just another $50 million away based on the latter’s yesterday close of $2.50, though Liberty needs the blessings of the FCC for acquiring full control.
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American Airlines (AAMRQ.PK) farms out some of its flying to SkyWest (NASDAQ:SKYW). SkyWest will operate 23 Bombardier regional jets that currently fly under the American Eagle banner.
Recently disclosed documents in a lawsuit that alleges collusive action for keeping the prices of acquiree companies down reveal that Blackstone (NYSE:BX), Goldman Sachs’ (NYSE:GS) P-E arm, Bain and other firms appear to have conspired in such manipulations. A case in point is Bain’s $32.1B purchase of hospital major HCA in 2006, where rival bidders allegedly withdrew in return for a quid-pro on acquisitions of other companies.
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