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AT&T-EchoStar Talks Heat Up
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Updated from 10:53 a.m.
AT&T's (T Quote) long-running discussions with EchoStar (DISH Quote) seem to be heating up.
The most recent talks have AT&T offering $55 a share with EchoStar hoping to hold out for $65 a share, say people familiar with the companies. Sensing a deal in the works, Oppenheimer analyst Tom Eagan raised his rating on the Dish satellite broadcaster to a buy, speculating in a research note Thursday that AT&T would likely pay about $56 a share for the TV service.
AT&T didn't comment, and EchoStar declined to comment. ...
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