Scott Greczkowski
10-09-02, 12:07 PM
NEW YORK, Oct 9 (Reuters) - Hughes Electronics Corp. and EchoStar Communications Corp. will likely abandon their $16.91 billion merger deal if it's not approved by regulators by Jan. 21, Eddy Hartenstein, DIRECTV chairman and chief executive said Wednesday.
The companies have specified Jan. 21 as a "drop dead date" for the merger to be completed. If it's not completed by then, either party has the right to terminate the deal, subject to break-up fees.
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The companies have specified Jan. 21 as a "drop dead date" for the merger to be completed. If it's not completed by then, either party has the right to terminate the deal, subject to break-up fees.
Read the rest at http://finance.lycos.com/home/news/story.asp?symbols=REUTERS:100&story=29012068