XM Canada, Sirius become one

TORONTO - Satellite radio companies XM Canada and Sirius Canada have officially completed their merger, the two former rivals announced Wednesday.Operating as SiriusXM Canada, the newly merged entity will have more than 1.8 million Canadian subscribers and is predicting synergies of $20 million on revenues of more than $200 million. The combined company's stock will continue to be traded on the Toronto Stock Exchange under the symbol "XSR"."Today's news brings us to an exciting conclusion of a process we started late last year," said Mark Redmond, president and CEO of SiriusXM Canada, in the announcement. “Today, SiriusXM Canada is stronger...