Sirius XM Canada Holdings says approached for potential deal

Fri Feb 12, 2016 9:49am EST
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Feb 12 (Reuters) - Satellite radio provider Sirius XM Canada Holdings Inc, the parent of Sirius XM Canada Inc, said it had been approached for a potential deal.

The news comes a day after the Globe and Mail newspaper reported that the company's owners were planning to take it private in a deal that could value the company at about C$750 million ($538 million).

Sirius XM Canada Holdings, an affiliate of Sirius XM Holdings Inc, said on Friday it had not received a binding proposal and it was in early-stage talks. ($1 = C$1.39) (Reporting by Anet Josline Pinto in Bengaluru; Editing by Kirti Pandey)