SiriusXM Canada Extends Outside Date for Closing of Recapitalization Go-Private Transaction

Sirius XM Canada Holdings (TSX:XSR) announced the extension of the outside date for the recapitalization go-private transaction to April 30, 2017. 
As quoted in the press release:

Sirius XM Canada Holdings (TSX:XSR) the parent of Sirius XM Canada Inc., announced that pursuant to the terms of the arrangement agreement (the “Arrangement Agreement”) dated May 12, 2016, as amended by a mutual agreement dated November 30, 2016, the parties to the Arrangement Agreement have agreed to extend the outside date by which the recapitalization go-private transaction must be completed to April 30, 2017, or such later date as may be agreed to by the parties in writing.
As previously disclosed, the recapitalization go-private transaction is subject to the prior approval of the Canadian Radio-television and Telecommunications Commission (“CRTC”). The Company has made all requisite filings and the CRTC’s public consultation process was completed on January 12, 2017 when the Company replied to comments on the application from members of the public. The Company is currently awaiting the CRTC’s decision on such application.

Click here for the full press release.