Sirius has retained Evercore? This is not good in my opinion ties to Blackstone. It looks like Mel is setting the table. We need to get more information. Below is a description of EVR and Mr. Altman.

A bigger hurdle for cash-strapped Sirius XM will be refinancing $1 billion in debt that's coming due in 2009, including $210 million in February. In recent weeks the company retained investment bank Evercore Partners (EVR) as a financial advisor to help in the effort, according to Debtwire, a financial news service. Representatives of Evercore and Sirius XM declined to comment on the report.

Evercore Partners, Inc. operates as an investment banking boutique that provides advisory services to multinational corporations worldwide on mergers, acquisitions, divestitures, restructurings, and other strategic corporate transactions. The company offers strategic and tactical advice to public and private companies; advises clients that are contemplating the sale of certain businesses, assets, or their company; provides advice for special committees and boards of directors; and offers financial advice and investment banking services to companies in financial transition, as well as to creditors, shareholders, and potential acquirers, as well as serves as an independent and objective adviso...

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