DIRECTV cancels deal to buy DISH after creditors reject debt swap terms [Yahoo! Finance]
EchoStar Corporation - Common stock (SATS)
Last echostar corporation - common stock earnings: 2/20 06:00 am
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Source: Yahoo! Finance
EST, was derailed by DISH DBS note holder's failure to agree to the deal's exchange debt offer terms. The debt swap attempt was rejected by DISH creditors, prompting DIRECTV to end the proposed deal. "While we believed a combination of DIRECTV and DISH would have benefitted all stakeholders, we have terminated the transaction because the proposed Exchange Terms were necessary to protect DIRECTV's balance sheet and our operational flexibility," DIRECTV CEO Bill Morrow said in a statement. He said despite the failure to consummate DISH deal, DIRECTV is "well positioned for the future with a strong balance sheet and support from our long-term partner TPG." TPG is a global asset management company. DISH is owned by EchoStar, a satellite communications, networking services and TV entertainment company. EchoStar owns the brands Boost Mobile, Sling, Hughes, Hughesnet and OnTech. AT&T once owned DIRECTV, but sold it to TPG. "DIRECTV will advance our mission to aggregate, curate,
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News
- How major US stock indexes fared Friday, 11/22/2024 [Yahoo! Finance]Yahoo! Finance
- How major US stock indexes fared Friday, 11/22/2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- DirecTV Scraps Merger With Rival Dish [Yahoo! Finance]Yahoo! Finance
- DirecTV Calls Off Plans to Acquire Dish Network [The New York Times]The New York Times
- DirecTV terminates Dish deal over failed debt swap [USA TODAY]USA TODAY
SATS
Earnings
- 11/12/24 - Miss
SATS
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form SC
- 11/14/24 - Form S-3ASR
- SATS's page on the SEC website