Pandora Media, Inc. announced that at a special meeting held earlier January 29, 2019 stockholders of Pandora approved the acquisition of Pandora by Sirius XM Holdings Inc. As of the transaction close, Roger Lynch, Chief Executive Officer of Pandora, will be stepping down from his role and exiting the company. Jim Meyer, Chief Executive Officer of Sirius XM, will lead Pandora and Sirius XM as a combined company. Steve Bene, General Counsel of Pandora; Naveen Chopra, Chief Financial Officer of Pandora; and Kristen Robinson, Chief Human Resources Officer of Pandora, also will be exiting the company following the transaction closing.
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06-27 | Guggenheim Adjusts Price Target on Sirius XM Holdings to $2.90 From $3.30, Maintains Neutral Rating | MT |
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+19.40% | 55.96M |
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