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Sirius Shares Hit on Shelf Filing
A $500 million mixed shelf registration filed by Sirius Satellite(SIRI Quote) had investors jittery in Tuesday's early going.
The satellite radio company swore it has no plans to do anything under the shelf, which covers debt securities, common and preferred stock and warrants. But given the company's recent love affair with the capital markets, investors concerned about further dilution were nervous.
Sirius' never-a-dull-moment shares were recently off 9 cents, or 5%, to $1.59. ...
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