EchoStar Announces Acquisition of Hughes

Company Insight

EchoStar has announced the acquisition of Hughes Communications in a deal worth around $2 billion overall. The deal results in a payout of $60.70 per share for the Hughes shareholders, which is significantly higher than the trading price of $46.43 in mid-January. However, the acquisition price is lower than Hughes’s stock trading prices within even the last week before the acquisition was announced. The deal is expected to close later in 2011, although it will require regulatory approvals.

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