EchoStar (SATS) will buy broadband satellite network provider Hughes Communications (HUGH) for...

|About: EchoStar Corporation (SATS)|By:, SA News Editor

EchoStar (SATS) will buy broadband satellite network provider Hughes Communications (HUGH) for ~$2B, or $60.70/share, including the assumption of debt. The deal is a 31% premium to Hughes' unaffected Jan. 19 share price, but a 1.7% discount to Hughes' Friday close. (PR)