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Kendall Law Group Investigates Hughes Communications Inc. Acquisition for Shareholders

^{Published on 2011-02-14 06:30:20 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Hughes Communications Inc. (NASDAQ: HUGH) for shareholders in connection with the proposed acquisition by EchoStar Corp. The national securities firma™s investigation seeks to determine whether Hughes Communications and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Hughes Communications shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On February 14, 2011, the companies announced the definitive merger agreement under which Hughes Communications would be acquired by EchoStar, in a transaction valued at approximately $1.34 billion. Under the terms of the agreement, Hughes Communications stockholders will receive $60.70 in cash for each share of Hughes Communications/HUGH common stock held. Apollo Global Management, holders of the majority of Hughes Communications shares, has already agreed to the deal. Hughes Communications stock closed at $61.78 on Friday. Additionally, according to Thompson/First Call, analysts have set a price target as high as $65.00 per share for Hughes Communications stock. The firma™s investigation seeks to determine whether Hughes Communications and its Board negotiated a deal that provides the best value available to shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.