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Article: EchoStar Announces Proposal to Combine With Hughes Electronics for $32 Billion, or $23 Per GMH Share.
- Article from:
- Business Wire
- Article date:
- August 5, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business & Technology Editors
LITTLETON, Colo.--(BUSINESS WIRE)--Aug. 5, 2001
Combination Would Establish Only Fully Competitive Alternative To U.S.
Cable/Broadband Providers, Providing Consumers More Channels, Better Service, Greater Access To Broadband Services and Competitive Pricing
Synergies Could Create Up To Additional $56 Billion
EchoStar Communications Corporation (NASDAQ: DISH) today announced that it has made a proposal to General Motors Corporation (NYSE: GM) to combine with Hughes Electronics Corporation in a tax-free, all-stock transaction. The holders of shares of Hughes tracking stock (NYSE: GMH) would receive ...