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Dish Network's (NASDAQ:DISH) planned merger with EchoStar Corp. (NASDAQ:SATS) is tentatively scheduled to close on Sunday.
The last trading day for Dish Network (DISH) is slated for Friday, according to a Nasdaq delisting notice from Tuesday.
Dish Network (DISH) and EchoStar (SATS) announced in August that they were merging in an all-stock transaction. Earlier this month the Federal Communications Commission granted approval the transfer of control of DISH to EchoStar.
After the merger is completed, existing Dish (DISH) shareholders will own about 69% of the common stock of the combined company, while existing EchoStar (SATS) stockholders will own the remaining ~31%.
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December 27, 2023 at 04:51AM
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