News Formal

Dish bonds rally with stock after all-stock merger with EchoStar

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Billionaire Charlie Ergen's decision to combine his two telecom companies, Dish Network Corp. and EchoStar Corp., in an all-stock deal sent their shares higher on Tuesday. The news also sparked a rally in the company's bonds.

Billionaire Charlie Ergen’s decision to combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp. in an all-stock deal sent their shares higher on Tuesday.The companies earlier confirmed a report by the Wall Street Journal... Billionaire Charlie Ergen’s decision to combine his two telecom companies, pay-TV provider Dish Network Corp. and satellite-communications company EchoStar Corp.

The exchange ratio is equal to a premium of 12.9% over the unaffected 30-day volume weighted average closing stock prices of the two companies on July 5, the last full trading day before media speculation regarding a potential transaction. “The transaction combines DISH Network’s satellite technology, streaming services and nationwide 5G network with EchoStar’s premier satellite communications solutions, creating a global leader in terrestrial and non-terrestrial wireless connectivity,” the companies said in a joint statement.

It’s expected to generate significant cost and revenue synergies and enhance free cash flow. “This is a strategically and financially compelling combination that is all about growth and building a long-term sustainable business,” said Ergen.Dish’ stock was last up 8% on Tuesday. As the following chart from data-as-a-service company BondCliQ Media Services shows, there was mostly net selling on Tuesday into the rally.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Charlie Ergen Plans All-Stock Merger of Dish Network and EchoStarBillionaire satellite TV mogul, Charlie Ergen, is proposing a merger of his businesses, Dish Network and EchoStar, in an all-stock deal. The transaction is expected to generate cost and revenue synergies, enhance free cash flow generation, and create long-term value for shareholders and stakeholders.
ソース: THR - 🏆 411. / 53 続きを読む »