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XM/Sirius Merger Takes the Slow Track

Stock quotes in this article: XMSR , SIRI , AAPL , CCU  

Sirius (SIRI Quote) shareholders approved the proposed $4.6 billion merger with satellite radio peer XM (XMSR Quote) Tuesday, but some observers aren't anticipating a speedy decision from regulators.

Shares of both companies are up 21% in the past three months as investors' pessimism about the deal's chances of approval has lightened a bit.

"We look forward to completing the merger by the end of the year." Sirius CEO Mel Karmazin said in the vote announcement. ...

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