Sirius Stock Jumps On News Of Ford Deal
Shares of Sirius Satellite Radio rose 17% yesterday following an announcement that Ford Motor Co. will begin offering Sirius radios in 2003 models of Ford, Lincoln, Mercury, Jaguar, Volvo, and Land Rover cars. Ford, which also owns Aston Martin and has a 33% stake in Mazda, will announce distribution
plans for those brands at a later date.
In addition, Sirius says it will issue Ford a warrant allowing it to purchase up to 4 million shares of common stock at an exercise price of $3. This replaces a previous warrant with an exercise price of $30.
The stock closed yesterday up 15 cents at $1.01.
In addition, Sirius says it will issue Ford a warrant allowing it to purchase up to 4 million shares of common stock at an exercise price of $3. This replaces a previous warrant with an exercise price of $30.
The stock closed yesterday up 15 cents at $1.01.
In addition, make sure to read these articles:
- XM Radio Gets $450M Infusion
- Stern's Move May Convince More Automakers To Install Satellite Radios
- Gartner Says Automotive Manufacturers to EmbraceDigital Satellite Radio for New Revenue...
- Sirius Reaches Milestone
- Sirius Plugs Into Ford Automobiles
- Ford Deal Fails To Put Sirius In Fast Lane
- Ford Deal Fails To Put Sirius In Fast Lane
- Sirius And Ford Extend Exclusivity Agreement
- Sirius Hits 200K Mark In Canada
- Sirius, Ford extend exclusivity agreement
- Stock Market Ratings by StockPickReport.com for Sirius Satellite Radio, Ford Motor,...
- Land Rover Adds Sirius
- Panasonic Announces Plans for New Dedicated Factory toBuild Sirius Satellite Radio...
- Bez's vision for Aston Martin: Aston's chief sets his sights on growing sales on the...
- Winnebago Industries Introduces SIRIUS Satellite Radio in Most 2004 Models.
XM Radio last week announced it has put together a $450 million financing package that includes $200 million in cash from new investors and restructuring ......
According to Reuters, automotive industry analysts believe that Sirius' deal with Stern should help convince more automakers to offer its subscription radios as an option ......
Business Editors/High-Tech Entertainment Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 27, 2000 Digital satellite radio is scheduled to be available in 48 states in the United States ......
Sirius satellite radio crossed the 100,000 subscriber mark this month.
Sirius Satellite Radio said Tuesday that it has formalized an exclusive, long-term relationship with Ford Motor Co., ensuring that various brands of its automobiles will ......
Although Sirius Satellite Radio said Monday that it scored an extension to its agreement with Ford Motor Co. that could make it the automaker's exclusive ......
Although Sirius Satellite Radio that it scored an extension to its agreement with Ford Motor Co. that could leave it the exclusive satellite radio supplier ......
Sirius Satellite Radio has extended its exclusive pact with Ford through September 2011, with an option for Ford to also offer competing satcaster XM Satellite ......
Sirius Satellite Radio Canada has surpassed the 200,000-subscriber mark as it approaches its first anniversary on Dec. 1.
NEW YORK _ Sirius Satellite Radio has extended its exclusive pact with Ford through September 2011, with an option for Ford to also offer competing ......
Business Editors SHREVEPORT, La.--(BUSINESS WIRE)--Dec. 18, 2003 StockPickReport.Com (IARD#119079) http://www.stockpickreport.com/?src=bwtop makes these short-term stock recommendations: Sirius Satellite Radio (Nasdaq:SIRI) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=SIRI Ford Motor ......
Sirius Satellite Radio continues to expand its road trip.
Business & Technology Editors PEACHTREE CITY, GA--(BUSINESS WIRE)--May 3, 2000 Matsushita Communication Industrial Corporation of USA (MCUSA), a Panasonic company, today announced a major expansion ......
Not so much the launch of a new car but the rebirth of a brand. The wraps came off Aston Martin's new DB9 at this ......
Business Editors/Automotive Writers/Travel Writers FOREST CITY, Iowa--(BUSINESS WIRE)--July 31, 2003 Winnebago Industries, Inc. (NYSE:WGO), the leading motor home manufacturer, and SIRIUS (Nasdaq:SIRI), known for delivering ......
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