SIRI - What outcome, if any, most benefits Sirius (stock price) in their attempt to merge with XM?

Personally I would sell the stock if and when a merger is announced. It should jump for a day or two. The "Stern Affect" has been priced in and there aren't going to be anymore catalysts. The stock price is way overvalued. With over 1 billion shares outstanding, the stock should be priced at around $.50 cents which would give it a total value of around $600 million. For a company that is currently losing tons of money, even a $600 million valuation is generous.