The Washington Post, January 29th, 2005
Satellite company Intelsat Ltd. announced the completion of its sale to private investors for $5 billion, even though it lost one satellite and part of the capacity on another since the deal was proposed. Intelsat, which is based in Bermuda but operates out of Washington, was purchased by Zeus Holdings Ltd. Zeus, a group of four private-equity firms, first proposed to purchase the privately held company in August. Intelsat's shareholders received $18.75 a share at the deal's close. Its largest shareholder is Lockheed Martin Corp., which owns 24 percent of the company. The buyers are paying $3 ...
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