EchoStar Consummates Exchange Agreement for Tracking Stock
March 1, 2017
Englewood, CO, March 1, 2017 – EchoStar Corporation(NASDAQ:SATS) announced the consummation on February 28, 2017 of the ShareExchange Agreement executed in January with DISH Network Corporation(NASDAQ:DISH). The transaction took the form of an exchange by EchoStar of two companies that owned substantially all of the EchoStar Technologies businesses, along with other assets, for the HRG tracking stock that was issued to subsidiaries of DISH in March 2014. EchoStar intends to promptly retire the HRG tracking stock.