Dish Network Bids $1.375 Billion for TerreStar
By DEALBOOK
Charles W. Ergen’s Dish Network has bid $1.375 billion in cash and the assumption of liabilities for TerreStar Networks, according to a bankruptcy filing on Wednesday.
Dish has been an active bidder in bankruptcies, winning an auction for Blockbuster’s assets in April and another satellite operator, DBSD North America in March.
Dish is the “stalking horse” bidder, or the one favored by TerreStar against whom other bidders must try to top, although the winner will ultimately have to approved by the bankruptcy court in Manhattan.
TerreStar said that Dish’s bid “represents a significant achievement” because it is in cash and is $90 million more than the company’s total amount of secured debt. Dish has also agreed to assume the risk over whether United States and Canadian regulators will approve the transfer of TerreStar’s wireless licenses.
Another of Mr. Ergen’s companies, EchoStar, is TerreStar’s largest creditor and is providing financing during its bankruptcy. TerreStar filed for Chapter 11 protection last October.
Mr. Ergen is interested in TerreStar, as well as DBSD, because they offer increased broadband spectrum — at distressed prices — at a time when demand is growing.
laut dieser INFO, wären wir 90mio im GELD.....d.h. Kurs von ca. 0,65$.......(hab mit 137mio. Shares gerechnet)
selbst bei 500mio shares wären das knappe 0,20$>>>FOLGE: Strong BUY oder seh ich was falsch?
achja, es kann durchaus sein, das das Gebot noch höher wird!
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