DBSTalk Forum banner
Status
Not open for further replies.
1 - 1 of 1 Posts

·
Banned
Joined
·
11,498 Posts
Discussion Starter · #1 ·
According to wire reports, EchoStar projected that it would spend up to $2.5 billion over the next four years to update and standardize set-top boxes used by its customers if the company closes its merger with Hughes Electronics.

In a filing Wednesday with the Securities and Exchange Commission, EchoStar said it expects to incur substantial integration costs to combine the companies' operations, including costs for the set-top boxes as well as retention bonuses and severance pay. However, the company didn't offer an estimate of the total integration costs.

EchoStar estimates retention bonus payments of up to $110 million, while the amount of severance paid to Hughes executives with change in control agreements could total up to $41 million depending on decisions to lay off executives (if any), sources said.

Additional severance payments would depend on the number of Hughes employees dismissed after the merger closes and could be material to the company, the filing said.

From SkyReport (Used with Permission)
 
1 - 1 of 1 Posts
Status
Not open for further replies.
Top