May 13 (Reuters) - Sirius XM Canada Holdings Inc XSR.TO
said on Friday that Sirius XM Holdings Inc SIRI.O , its biggest
shareholder, along with other shareholders would take the
company private for about C$351 million ($273 million).
Sirius XM Canada's shareholders will receive C$4.50 per
share in cash or stock for each share they own, representing a
premium of 6.4 percent to the stock's closing price on Thursday.
Sirius XM Canada had an equity value of about C$443 million
as of Thursday's close.
Sirius XM Holdings owned about 32 percent of Sirius XM
Canada as of Dec. 9, according to Thomson Reuters data.
($1 = C$1.29)