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Sirius Shareholders Pass Reverse Split, Additional Shares

in News on December 18, 2008 at 11:02 am PT

Well, what do you know? Sirius CEO Mel Karmazin pulled it off: At the satellite radio outfit’s shareholder meeting today, a proposal to enact a reverse stock split and another to increase the number of authorized shares of Sirius XM common stock from 4,500,000,000 to 8,000,000,000 passed.