28
02
2008
M&A update: EchoStar shares near 18-month low on reduced buyout chatter
Posted by: in Raising MoneyFiled under: Rumors, Raising money, Shareholders, Public or private?
EchoStar (NASDAQ: DISH) closed at $28.64. Smith Barney says, “three ‘anti-M&A’ events have removed any take-out premium - Tax-free spin SATS, insider selling, and DISH participation in 700MHZ auction have removed M&A premium from DISH shares. We still think M&A is possible.”
DISH January option implied volatility of 43 is near its 26-week average according to Track Data, suggesting non-directional price risk.
M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.











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