the index from Morningstar's database. I expelled from the list the seven companies we don't cover: Patterson PDCO, PanAmSat SPOT , Dentsply International XRAY, Invitrogen IVGN, Cephalon CEPH, Compuware CPWR, and Kmart KMRT. Next, I consulted Nasdaq
satellite could scuttle its agreement to sell PanAmSat SPOT shouldn't have a material impact on our ..... walk away from its agreement to purchase PanAmSat , but we don't think problems on one of PanAmSat 's 24 satellites will kill the deal entirely
million breakup fee. The only silver lining for EchoStar is that it won't need to purchase Hughes' 81% stake in satellite company PanAmSat SPOT , which was a key component of the merger agreement and something EchoStar was loath to do.
deal winds down, Hughes has the most to gain, with a $600 million potential breakup fee and a $2.7 million payment for PanAmSat SPOT . This would be more than enough to pay down Hughes' debt load, while leaving EchoStar with little cash and a huge debt
stand to make out pretty well on the deal's demise, collecting $2.7 billion for Hughes' stake in satellite operator PanAmSat SPOT and a $600 million breakup fee--though litigious EchoStar is sure to contest these terms in court. We think this only