"The merger ain't gonna happen. Period."
That was my initial thought too. But after really considering all the facets, I changed my mind. Also, I can't imagine that someone like Karmazin, would not have fleshed this out completely with an army of lawyers who are experts in the area of mergers, prior to the announcement. I hope it goes off, my shares of SIRI are currently screaming for a lifesaver.
Oh, I think the merger should go through. I also thought the DirecTV-Dish merger should have gone through as well. I'm basing my opinion on the rejection of the DirecTV-Dish merger.