Shareholders approve XM merger with Sirius

TORONTO - Canadian Satellite Radio shareholders today approved the merger of XM Canada and Sirius Canada at CSR's annual and special meeting of shareholders.John Bitove, executive chairman of CSR said the company will now continue to work with the CRTC and the Competition Bureau to obtain regulatory approval."The proposed merger of equals will create a leading Canadian media company and nationwide audio entertainment provider that will deliver exceptional value to shareholders and subscribers, and enhance the long-term success of satellite radio in Canada,” says Bitove. It is expected that a combined XM Canada and Sirius Canada will yield synergies of...