Pegasus stock rises on DirecTV speculation

Newswire

By Sinead Carew NEW YORK, Feb 20 (Reuters) - Shares of Pegasus Communications Corp. rose more than 14 percent on Thursday as investors speculated that DirecTV could decide to buy Pegasus as part of a litigation settlement. Loss-making satellite broadcaster Pegasus is in mediation talks with DirecTV in a effort to settle prolonged litigation concerning Pegasus' license for rural franchises of DirecTV's satellite broadcast services. Pegasus, which saw its shares close up $2.34 to a ...

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