Dish /Direct Merger Hits A Roadblock

[Bruce]

New date is Nov 12 and the clock is ticking.

https://ir.echostar.com/news-releases/news-release-details/echostar-corporation-announces-amendments-exchange-offers

The clock has stopped-

Dish creditors reject bond exchange offer needed for DirecTV merger

The exchange was necessary to complete the second phase of the pending acquisition of Dish's video business by DirecTV.

thedesk.net

 

[nelson61]

As I had posted much earlier, there would be much howling and threats and yelling but the best deal for the creditors was to take the deal and move foreward.

And that is close to what happened

 

[MikeD-C05]

So the stock holders who didn't agree to transfer over to the new TPG stock what happens to them? Do they still get paid for through Echostar or they lose out entirely ? I am confused about their outcome.

 

[harshness]

So the stock holders who didn't agree to transfer over to the new TPG stock what happens to them?

Don't confuse stockholders with bondholders. The dust-up has been with the bond holders.

After the deal is cast in stone, the stockholders will vote and however that comes out is how it will be for all stockholders.

 

[John2021]

let dish go bankrupt then buy everything for pennies on the dollar

 

[harshness]

let dish go bankrupt then buy everything for pennies on the dollar

DIRECTV is perhaps on a quicker pace towards the bottom than DISH. To the survivor go any spoils and I'm thinking nobody is seeking Ka band capacity divvied up the way DIRECTV has done it.

 

[John2021]

DIRECTV is perhaps on a quicker pace towards the bottom than DISH. To the survivor go any spoils and I'm thinking nobody is seeking Ka band capacity divvied up the way DIRECTV has done it.

really now??? i always thought dtv was in a better postion than dish!!! i know there both having problems now and things are not green for the both of them

 

[harshness]

really now??? i always thought dtv was in a better postion than dish!!! i know there both having problems now and things are not green for the both of them

This past Summer, DIRECTV was losing well over 5,000 subscribers per day. DISH DBS is losing about 1,028 per day.

DIRECTV seems to be handily winning the race to the bottom but that depends on where the break-even point is for each company.