The sale of its DBSD North America, Inc. subsidiary to Dish Network Corp. (NASDAQ:DISH) resulted in the share price of ICO Global Communications (Holdings) Ltd. (NASDAQ:ICOG) to soar.
The U.S. Bankruptcy Court in New York approved the sale for $324.5 million.
ICO closed Tuesday at $2.73, gaining $0.81, or 41.19 percent. Volume was about triple the 3-month average.
Dish Network closed at $23.46, up $0.19, or 0.82 percent.
Wednesday, March 16, 2011
ICO Global (ICOG) Skyrockets on DBSD Sale
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