DirecTV not considering management buyout - Hughes

Newswire

NEW YORK, Sept. 25 (Reuters) - Hughes Electronics Corp. , owner of the largest U.S. satellite television service DirecTV, on Wednesday debunked a media report that DirecTV executives were considering a management buyout. "Any implication that the leaders of any Hughes operating company are working on plans for an independent future are just plain false," Hughes Chief Executive Jack Shaw said in a statement. Hughes is the subject of a $17 billion stock-based takeover offer from EchoStar ...

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