SiriusXM Stock Closes 2.55% Higher After Merger With Liberty Media Tracking Stock ...Middle East

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SiriusXM’s stock rose 2.6% on Tuesday (Sept. 10), the first full day of trading since it merged with Liberty Media’s tracking stock to create a single, streamlined public stock. SiriusXM said last December that it would merge its stock with Liberty SiriusXM Holdings to simplify and eliminate confusion around its multiple share classes and create one entity with greater trading liquidity. In June, the company announced a 1-for-10 reverse stock split that ultimately reduced SiriusXM’s outstanding common stock by about 12% in a bid to give the single stock an additional boost. Related

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