Sirius Canada/XM Canada merger nears

TORONTO - Canadian Satellite Radio (XM Canada’s parent) and Sirius Canada announced this week that with regulatory approvals in place, the companies are scheduled to close their long-awaited merger on June 21, 2011 contemporaneously with the closing of CSR's refinancing.CSR's refinancing consists of an exchange offer and consent solicitation for its 12.75% senior notes due 2014 and a concurrent private placement offering of its 9.75% senior notes due 2018. On November 24, 2010, CSR and Sirius Canada entered into a securities purchase agreement to combine the companies in an all-stock merger. On February 17, 2011, CSR received the support of...