Feb. 14, 2011, 7:15 AM
Jan. 21, 2011, 8:18 AMBroadband satellite company Hughes Communications (HUGH) is on the auction block and has hired Barclays Capital (BCS) as adviser, sources say. Private-equity firm Apollo owns 57%, and received a first round of bids; another round is expected next month. Hughes closed Thursday +10.9%, giving it a $1.1B market cap; +3.1% premarket. | Comment!
HUGH vs. ETF Alternatives
We were formed as a Delaware corporation on June 23, 2005 and we are a publicly traded company. Our stock trades on the NASDAQ Global Select Market under the symbol “HUGH.” We operate our business primarily through our wholly-owned subsidiary, HNS, a telecommunications company. We are the... More
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