The US stock market saw significant movements in various companies’ shares today. One notable deal was AT&T Inc.’s acquisition of spectrum licenses from EchoStar (SATS) worth approximately $23 billion. This deal is expected to close by mid-2026, pending regulatory approval.
The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum, a move seen as crucial for the company’s wireless services. The White House and the Federal Communications Commission were briefed on the transaction before its announcement.
In contrast, Keurig Dr. Pepper (JDEPY) shares declined after news emerged that the company plans to acquire JDE Peet’s NV for €15.7 billion ($18.4 billion). This move aims to bolster its struggling coffee business and separate its operations into two independent companies once the deal is completed.
Constellation Brands (STZ) shares also dropped by as much as 2.5% after Bank of America analyst Peter Galbo downgraded the company’s rating from neutral to underperform, citing concerns over its future prospects.
Source: https://www.bloomberg.com/news/audio/2025-08-26/stock-movers-echostar-keuring-dr-pepper-constellation-brands