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NEW YORK (AP) - XM Satellite Radio Holdings Inc. reports third-quarter earnings on Thursday and its rival and proposed acquirer, Sirius Satellite Radio Inc., reports on Tuesday Feb. 26. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: The pending combination of XM and Sirius dominated the fourth quarter, as the company's shares fluctuated on any signs that the $5 billion deal would win regulatory approval or fall through.
Although shareholders approved the merger in November, investor concerns mounted toward the end of 2007 as the Department of Justice and Federal Communication Commission continued to delay a decision. The companies had hoped to receive regulatory clearance by the end of 2007.
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