from the Ny Times: August 29, 2005 Intelsat to Acquire Rival PanAmSat for $3.2 Billion By ANDREW ROSS SORKIN and KEN BELSON Intelsat announced today that it had agreed to acquire a rival, the PanAmSat Holding Corporation, creating the world's largest operator of satellites that distribute data and video programming for clients. Intelsat, which is a private company, will pay $3.2 billion, or $25 a share, for PanAmSat, Intelsat said. It will use cash to pay for the shares, which it is buying at a price that is almost 40 percent higher than the trading price just after PanAmSat's initial public offering in March. On Friday, PanAmSat shares closed at $19.80, down 3 cents, on the New York Stock Exchange. rest of story at http://www.nytimes.com/2005/08/29/business/29cnd-deal.html?hp&ex=1125374400&en=332c19d10666bd55&ei=5094&partner=homepage -- Dr. Elizabeth Weir, "Are you alright?' Major John Sheppard, "Two arms, ten fingers.....uh, I'll check the rest later." Stargate Atlantis, Season 2 ------------------------------------------------------------------------- Subscribe/Unsubscribe info, Frequently Asked Questions, SeeSat-L archive: http://www.satobs.org/seesat/seesatindex.html
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