Fly News Breaks for June 22, 2018
LSXMA, SIRI, LYV
Jun 22, 2018 | 08:29 EDT
"Several signs" suggest a SiriusXM (SIRI) acquisition of Live Nation (LYN) is possible, including Liberty suggesting that synergies are possible among the firms it owns, Citi analyst Jason Bazinet tells investors in a research note. A combination would create a "vertically integrated music titan" with "several strategic benefits," Bazinet contends. Further, he believes the likelihood of legal approval is high since the deal "would be a clean vertical merger." He raised his price target for Live Nation shares to $56 from $45 and keeps a Buy rating on the name. Bazinet also upped his price target for Neutral-rated SiriusXM to $7.15 from $6.65.
News For LYV;SIRI;LSXMA From the Last 2 Days
SIRI
Apr 18, 2024 | 08:46 EDT
Latest data shows the largest indicative borrow rate increases among liquid option names include: Aurora Cannabis (ACB) 83.87% +1.16, B Riley Principal Merger Corp II (EOSE) 11.55% +1.08, ALTC Acquistion Corp (ALCC) 5.74% +1.02, VinFast Auto LTD (VFS) 124.46% +0.87, Sirius XM (SIRI) 13.95% +0.56, Medical Properties Trust (MPW) 10.91% +0.41, Spring Valley Acquisition Corp (SMR) 17.81% +0.38, Sellas Life Sciences (SLS) 69.10% +0.37, Valkyrie Bitcoin Miners ETF (WGMI) 2.31% +0.33, and Cassava Sciences (SAVA) 19.19% +0.33.
