“John Malone’s offer to buy out Sirius XM Holdings Inc. (NASDAQ:SIRI)’s shareholders at $3.68 a share is ludicrous,” Ralph Nader said in a statement. “Sirius XM was trading over $4.00 a share just a few weeks ago and is a fast growing company with bright indicators and registers four stars by Standard & Poor’s which recommends a buy.” Sirius XM Holdings Inc. (NASDAQ:SIRI) stock opened at $3.84 in last session, and closed at $3.83, while the day range of SIRI stock is $3.75 – $3.86. The stock showed a positive weekly performance of 8.81%.
Pandora Media Inc (NYSE:P) announced this week that its listener numbers increased significantly in December. The Internet radio service company had more than 76 million active monthly listeners last month which indicates a 13 percent upsurge from a year ago. With this number, the company experiences 1.6 billion listening hours in the month. Pandora Media Inc (NYSE:P) stock opened at $29.10, in last session and closed at $31.49, by gaining 14.14%. The 52 week range of the stock is $9.60 – $32.45. Company’s market capitalization is $6.12 billion.
XPO Logistics Inc has agreed to buy Pacer International, Inc. (NASDAQ:PACR) for approximately $335M in cash & stock, which will go a long way in expanding its transportation-business in North America as well as in Mexico. Pacer International, Inc. (NASDAQ:PACR) stock advanced 7.92% and finished the last session at $8.99. The EPS of the stock remained 0.23. Company’s market capitalization is $317.58 billion.
Frontline Ltd. (NYSE:FRO) has issued 1,193,300 ordinary shares under that program during the month of December 2013. Frontline Ltd. (NYSE:FRO) stock opened the session at $4.01, and closed the session at $4.14. The 52 week range of the stock remained $1.71 – $4.25 and the day range was $3.90 – $4.25.