SIRIUS TO BUY OUT XM RADIO

NEW YORK, Nov. 13 Sirius Satellite Radio Inc. shareholders Tuesday approved Sirius's planned $13.6 billion buyout of U.S. satellite radio rival XM Satellite Radio Holdings Inc.
The New York broadcaster said more than 96 percent of Sirius shares voted in favor of the merger.
XM shareholders are being asked to approve the acquisition in a separate meeting in Washington Tuesday.
XM and Sirius shareholders would each own about half the combined company, Sirius said.
The deal, which would give XM shareholders 4.6 Sirius shares for each XM share, faces regulatory approval by the Department of Justice and the Federal Communications Commission.
The FCC granted licenses to both companies in 1997 on the condition they agree not to combine and create a potential monopoly.
The terrestrial radio industry has also challenged the deal as anti-competitive.
Sirius Chairman Mel Karmazin reiterated Tuesday the companies expected the merger to close by the end of this year.
Copyright 2007 by UPI

I guess this is pretty good to me because I got stock in Sirius...... :)