EchoStar’s broadcast satellite services (BSS) subsidiary will start its formal merger process with ‘sister’ business DISH Network on August 19th.

The pair announced their merger on May 20th.

Based on the number of shares of EchoStar Class A and Class B common stock outstanding on August 8th, 2019, EchoStar stockholders would receive approximately 0.24 of a share of DISH Class A common stock for each share of EchoStar Class A or Class B common stock held by such EchoStar stockholder as a result of these transactions.

The formal merger will then go ahead once the share distribution has taken place, on about September 10th.

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