XM to ask stockholders to OK share increase


CHICAGO, Feb 25 (Reuters) - XM Satellite Radio Holdings Inc. on Tuesday said it will ask stockholders to approve a proposal to increase its authorized common stock to 615 million shares from 240 million at its annual meeting next month. The Washington-based company, which provides radio service via satellite, said in a proxy statement with the U.S. Securities and Exchange Commission that it needed to issue additional shares in return for financing from General Motors Corp. and other ...

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