CRTC green lights XM, Sirius merger

OTTAWA – The CRTC has officially blessed the proposed merger of satellite radio companies XM Canada and Sirius Canada.After holding a hearing in early March to examine the transaction, the Commission signed off on the deal in a decision on Monday. While their American parents combined over two years ago, the Canadian firms only announced their intention to follow suit last November. The combined company is valued at approximately $520 million, which includes long-term debt of $130 million.Canadian Satellite Radio Holdings (CSR), the parent company of XM Canada, has said that it expects the transaction to close during the third quarter of the...