SiriusXM Canada responds to “dissident” shareholders, announces share proration increase

TORONTO — SiriusXM Canada continues to court the favour of its shareholders as it seeks to go private, suggesting on Thursday they can expect higher value for shares than originally proposed, should they vote to support the transaction at a shareholder meeting on August 30.This comes three days after a group of SiriusXM Canada shareholders holding approximately 8.4 million Class B company shares issued a press release to voice their objection to the company valuation contained in a management information circular issued August 2. In the shareholder group’s view, the proposed privatization of the satellite radio service provider does not...