Science & Technology
Science and TechnologyScience and Technology 
Tue, February 15, 2011
Mon, February 14, 2011
Finkelstein Thompson LLP Announces Investigation of Hughes Communications, Inc.
WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Hughes Communications, Inc. (aHughesa or the aCompanya) (Nasdaq: HUGH) concerning the proposed acquisition of the Company by EchoStar Corp. Under the terms of the offer, Hughes shareholders will receive $60.70 in cash for each share they own in a transaction valued at approximately $2 billion, including the assumption of debt.
The investigation is focused on the potential unfairness of the consideration to Hughes shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Hughes Board members. The offer price is a 1.7% discount to the Companya™s trading price the day immediately preceding the announcement of the transaction, and according to Yahoo! Finance at least one analyst has set a target price of $65 for the Companya™s shares.
If you are interested in discussing your rights as a Hughes shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, D.C. offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.