BRIEF-SiriusXM Canada announces increase in SIRI share proration

Thu Aug 11, 2016 7:52am EDT
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Aug 11 (Reuters) - Sirius XM Canada

* Slaight,Canadian broadcasting intend to vote in favour of electing to get solely cash consideration in pending recapitalization of company

* As a result of cash election total transaction consideration will increase to approximately 74 percent from approximately 50 percent

* As a result of cash election, deal to represent value of C$4.83/class a share if all shareholders elect maximum SIRI share consideration Source text for Eikon: Further company coverage: