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Blackstone Granted Early Termination Of HSR Waiting Period For New Skies
The Hague (SPX) Jul 15, 2004 New Skies Satellites, the global satellite communications company, and The Blackstone Group, a leading private investment firm, announced Wednesday that they have received early termination of the required waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 for Blackstone's acquisition of New Skies. Under Hart-Scott-Rodino (HSR), New Skies and Blackstone were required to make a pre-closing filing with the US competition authorities demonstrating that their proposed transaction would not violate US anti-trust laws. They were precluded from closing the transaction until the "waiting period" set forth in the Act expired or the US authorities agreed to grant early termination. Having now completed the HSR process, an important precondition to closing the Blackstone/New Skies transaction has been fulfilled. New Skies announced June 6 that it had signed a definitive agreement for the sale of the Company to affiliates of The Blackstone Group. The transaction has the unanimous approval of New Skies' Supervisory and Management Boards who will recommend it to the Company's shareholders at an Extraordinary General Meeting of shareholders on July 19. Community Email This Article Comment On This Article Related Links New Skies Satellites The Blackstone Group SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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