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DISH Network Corporation in its all-stock merger with EchoStar Corporation

On August 8, 2023, DISH Network Corporation (Nasdaq: DISH) and EchoStar Corporation (Nasdaq: SATS) announced they have entered into a definitive agreement for DISH Network to combine with EchoStar in an all-stock merger at a fixed exchange ratio pursuant to which each share of EchoStar Class A or Class B common stock will be exchanged for 2.85 shares of DISH Class A or Class B common stock, respectively. The transaction was negotiated and recommended by Special Committees of Independent Directors of both companies and unanimously approved by the Boards of Directors of both companies.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to the Special Transaction Committee of the Board of DISH Network.