Pandora Announces Completion of “Go-Shop” Process
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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US:NYSE Investor Relations:
investor.pandora.com
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Source: Business Wire
Acquisition by SiriusXM remains on track, expected to close in Q1 2019 OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P) today announced the completion of the “go-shop” process under the merger agreement with Sirius XM Holdings Inc. Pandora continues to expect the pending acquisition to close in the first quarter of 2019, subject to customary closing conditions, regulatory review and stockholder approval. Pandora has concluded its discussions with other parties about an alternative transaction pursuant to the “go-shop,” and the Pandora Board of Directors continues to recommend the SiriusXM acquisition as fair to and in the best interest of Pandora’s stockholders. Pandora is now subject to customary ”no-shop“ provisions that limit its ability to solicit alternative acquisition proposals, subject to customary “fiduciary out” provisions. ABOUT PANDORA Pandora is the world’s m
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