Statement by Ralph Nader On Liberty Media's Proposal To Take Over Sirius XM

WASHINGTON, Jan. 6, 2014 /PRNewswire-USNewswire/ -- John Malone's offer to buy out Sirius XM's shareholders at $3.68 a share is ludicrous. 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. I am sure that I along with other shareholders in Sirius XM will be interested in a legal challenge to John Malone's company for lowballing Sirius XM's shareholder value. Carl Icahn -- take notice and interest.

SOURCE Ralph Nader