Today’s Research Reports on Stocks to Watch: Pandora and Sirius

Traders cheered for both Pandora and Sirius XM Holdings on Thursday after it was revealed that the two companies may finally be in serious talks about a takeover. Sirius has shown interest in Pandora but now reports indicate the company is in talk with Pandora’s banks to get things going. While some believe shares could fetch as high as $12 or even $13 a share, this may just be talk. Sirius is 62% owned by Liberty Media, and the CEO of the company doesn’t think Pandora is worth more than $10.

RDI Initiates Coverage on:

Pandora Media, Inc.

Sirius XM Holdings Inc.

Pandora Media, Inc. shares closed up 5.49% yesterday but soared 9% during the day after it was revealed that Pandora may be acquired by Sirius. While there has been no agreement yet, traders were enthusiastic about the discussions. It seems that a bid from Sirius, who is backed by Liberty Media, could fetch around $12 to $13 a share. According to Liberty CEO Greg Maffei however, the company is worth $10 a share. Goldman Sachs analyst Heath Terry commented to clients, "“Given the high level of shareholder involvement and what we see as significant strategic value in Pandora’s user base, advertising inventory, data, and home screen position, we believe the likelihood of strategic action remains high." Shares of Pandora are down by 30% in the last three months.

Access RDI’s Pandora Research Report at:

Sirius XM Holdings Inc. shares closed up 2.75% on Thursday after it was revealed that the company is in discussions to acquire struggling online radio company Pandora. According to the post, Sirius has on and off again interest in Pandora but now has started serious talks with Pandora’s banks and are discussing the size of an offer. There has been no confirmation about any price, but Liberty Media Chief Executive Greg Maffei has said in the past that shares are worth $10.

Access RDI’s Sirius XM Research Report at:

Our Actionable Research on Pandora Media, Inc. (NYSE: P) and Sirius XM Holdings Inc. (NASDAQ: SIRI) can be downloaded free of charge at Research Driven Investing.

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