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Sirius XM Canada Holdings says approached for potential deal

Published 2016-02-12, 09:49 a/m
© Reuters.  Sirius XM Canada Holdings says approached for potential deal
SIRI
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XSR
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Feb 12 (Reuters) - Satellite radio provider Sirius XM Canada
Holdings Inc XSR.TO , the parent of Sirius XM Canada Inc, said
it had been approached for a potential deal.
The news comes a day after the Globe and Mail newspaper
reported that the company's owners were planning to take it
private in a deal that could value the company at about C$750
million ($538 million).
Sirius XM Canada Holdings, an affiliate of Sirius XM
Holdings Inc SIRI.O , said on Friday it had not received a
binding proposal and it was in early-stage talks.
($1 = C$1.39)

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