Dish Bonds Decline After $25.5 Billion Offer to Acquire Sprint

Bonds of Dish Network Corp. (DISH) dropped after Charlie Ergen’s satellite-TV company made an unsolicited $25.5 billion offer for Sprint Nextel Corp. (S)

Dish DBS Corp.’s $2 billion of 5.875 percent debt due July 2022 declined 1.9 cents to 100.75 cents on the dollar, yielding 5.77 percent at 9:07 a.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

To contact the reporter on this story: Charles Mead in New York at cmead11@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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