Honda Making a Move for XM?

Discussion in 'Stocks' started by Poleaxe, Aug 17, 2006.

  1. Poleaxe


    I thought this was pretty interesting. It has XMSR shareholders pretty excited so I thought I'd share. Apparently Honda just filed with the FTC to purchase a large stake. The website below has a link to the filing.
    Honda Making a Move for XM?

    Rumor has it that Honda Motor Co. Ltd., is about to take a major stake (+25%) in XM Satellite Radio Holdings Inc., and has received government approval for it.

    Below is the government form that terminates some type of limitation that has previously existed.

    That's all the details known as this time. More to follow. At this time this should be taken as a strong rumor only but the early termination definitely indicates something is happening.