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Satellite radio company Sirius shares down

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By AP
25 July 2008 @ 01:05 pm EST

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Shares of Sirius Satellite Radio Inc. were down 6.2 percent in midday trading on Friday.

Quotes

SIRI	0.16	-0.01
XMSR	8.17	-1.11

The Federal Communications Commission is close to approving the company's acquisition of rival XM Satellite Radio Holdings Inc., with one commissioner left to vote.

Sirius' proposed $3.5 billion buyout of Washington, D.C.-based XM has been before the FCC for 16 months.

Sirius, based in New York, is down 15 cents to $2.27 amid light volume.

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