work today, XMSR and SIRI together

siri and xmsr annouced a deal over the weekend that will allow them to
merge. siri is offering 4.6 shares of its stock for each share of
XMSR. as you know, i own both and so basically the stocks are both up
today, with XMSR up over 25% in pre market and SIRI up about 12% in
premarket.

my play: sell both. if you value xmsr, it should be at 19.00 a share
based on that 4.6 times valuation of SIRI shares at 4.15, but 2 dollar
a share is the 50-50 gamble that this stock will merge.

take the money and bizzounce. go to mortons if you bought xmsr haha.

peace,
winston