Sirius says it has enough cash to keep tunnelling the mine at its current speed and remain "on time and on budget" until the end of the quarter.
On Friday,
Sirius confirmed it was still working on the transaction but that it "requires additional time to complete the regulatory process which would have allowed its shares to resume trading."
Sky News reported that
Sirius is set to announce its largest equityraising to date, around PS400m, as part of a financing package.
Sirius healed well for a time and was medically cleared to return to low-impact sport training.
Each share of Pandora common stock will be converted into 1.44 newly issued shares of
Sirius XM common stock.
Fitch's affirmation of
Sirius Group's ratings reflects the company's established reinsurance franchise, very strong long-term financial performance, reasonable financial leverage and strong capitalization.
Under the deal, Easterly will merge with and become a wholly owned subsidiary of
Sirius Group, and
Sirius Group will become a publicly listed company.
Oberting was appointed as president of
Sirius Group, and will manage the corporate, investment management, finance and public company financial reporting functions of
Sirius Group.