XM Raises Funds for Backup Satellite (2 Viewers)

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John Corn

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Sep 6, 2003
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XM Satellite Radio Holdings Inc. completed a secondary stock offering yesterday to pay for a spare satellite in case it does not receive insurance money for its two malfunctioning satellites that are in orbit.

http://www.washingtonpost.com/wp-dyn/articles/A62807-2003Sep11.html
 
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