Why EchoStar Stock Crashed 18% Today
So it seems that the rumors were true.
Two weeks after Bloomberg broke the story that the on-again, off-again merger between EchoStar (NASDAQ: SATS) and DirecTV might be on again, EchoStar this morning announced a "suite of transformative transactions to delever its balance sheet and improve its debt maturity profile."
Investors are unimpressed. EchoStar stock fell 18.5% through 10:15 a.m. ET on the news.
Source Fool.com
Echostar Corp. A Stock
€21.80
-4.460%