EchoStar Stock Plunges

EchoStar Stock Plunges After Dish Network Debt Holders Spurn Bond Deal Seen As Key To DirecTV Merger
EchoStar stock plunged 13% Tuesday on the news that bondholders of subsidiary Dish Network rejected a proposed debt deal seen as key to sealing a merger with satellite rival DirecTV. Shares fell to $22.
DirecTV says it will walk away from Dish deal after bondholders’ rejection
DirecTV said it will abandon a plan to buy its satellite television rival after some bondholders refused to accept a steep discount on Dish parent EchoStar’s debt.
EchoStar debt exchange offer sweetened to help Dish Network-DirecTV merger
The combination of satellite TV businesses DirecTV and Dish Network depends on a debt exchange that's being made more enticing, EchoStar says.
DirecTV Threatens to Walk Away From Dish Acquisition Over Debt Exchange Dispute
The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders agreeing to a debt exchange
DirecTV will terminate Dish deal unless debt swap resolved - Bloomberg
“A successful exchange was a condition for acquiring the Dish video business,” a DirecTV spokesperson said in an emailed statement to Bloomberg. “Given the outcome of the EchoStar exchange, DirecTV will have no choice but to terminate the acquisition of Dish by midnight on Nov. 22.”
DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails
Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's satellite television business that includes Dish TV by Nov. 22 if bondholders don't agree to a debt exchange.
Dish Lenders Reject DirecTV Debt Deal on Eve of Deadline
Dish Network Corp. creditors have rejected the US satellite-television provider’s bond-exchange offer on the eve of a deadline for a debt deal that is key to the company’s proposed acquisition by rival DirecTV.
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EchoStar locks in $5.2B to pay off debt
EchoStar president and CEO Hamid Akhavan stated on a Q3 earnings call his company will be able to paying off maturing debt in ...
EchoStar Posts Loss of Dish, Gain of Sling TV Subs in Third Quarter, Raises $5.2B in Fresh Capital
The telecom giant, led by CEO Hamid Akhavan and executive chairman Charlie Ergen, has agreed to be acquired by DirecTV to ...
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DirecTV says meger agreement with Dish Network could fall apart
DirecTV says it will walk away from its merger agreement with Dish Network on November 22 if the company remains unable to ...
DirecTV-Dish Merger In Jeopardy: Here's The Issue
Dish bondholders rejected DirecTV's revised offer on Monday which lowered the minimum loss on $8.9 billion of bonds ...
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DirecTV-Dish deal drama could impact 18 million customers
In other news, time is running out for the 8 million people who still use DISH TV and Sling TV as their video services. A ...
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EchoStar: Brilliant Maneuver Means Company Gets Paid With Or Without Merger Deal
As you might have heard, EchoStar is selling DISH Network, its wholly owned subsidiary that it only bought a year ago, to DIRECTV for $1. Except that it might not be because a group of ...