Liberty Media potential Sirius merger would create catalyst, says Canaccord

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SymbolPriceChange
LMCA124.12-0.74
SIRI3.5350.02

After Liberty Media (LMCA) filed a new application with the FCC for consent to take de jure control of Sirius (SIRI), Canaccord believes that Liberty may merge with Sirius. The firm thinks that such a move would create a catalyst for Liberty's stock ,and it maintains a $101 target and Buy rating on Liberty.

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