Science & Technology
Science and Technology
Science and Technology
Tue, February 15, 2011
Law Office of Brodsky & Smith, LLC Announces Investigation of Hughes Communications, Inc.
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hughes Communications, Inc. (aHughesa or the aCompanya) (Nasdaq - HUGH) relating to the proposed acquisition by EchoStar Corp. (aEchoStara).
Under the terms of the transaction, Hughes shareholders would receive $60.70 in cash for each share of common stock of they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Hughes by not acting in Hughes shareholders' best interests in connection with the sale process to EchoStar. The transaction may undervalue Hughes as Hughes stock traded at $62.65 as recently as January 26, 2011 and an analyst has set a price target of $65.00 per share on Hughes stock.
If you own shares of Hughes stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/263-hugh-hughes-communications-inc.html ], or by calling toll free 877-LEGAL-90.
