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New Skies Shareholders Approve Merger with SES Global |
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THE HAGUE, Netherlands, Feb. 13, 2006/Satnews Daily/ — New Skies Satellites Holdings Ltd. (NYSE:NSE) has announced that its shareholders have overwhelmingly approved the company’s merger with SES Holdings (Bermuda) Limited, a wholly-owned subsidiary of SES Global S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG).
New Skies said 74 percent of the outstanding shares were present or represented at their meeting last week, with 99 percent of such shares voting in favor of the transaction.
Antitrust reviews have been completed in the United States and Germany but other U.S. regulatory approvals remain pending, including approvals from the U.S. Federal Communications Commission, New Skies said. The company, however, expects the merger to close during the second quarter of 2006.
“We are pleased that our shareholders have overwhelmingly approved this transaction which serves the best interests of our shareholders, customers, employees and suppliers. We look forward to an exciting future with SES Global as we become their third satellite infrastructure pillar, alongside Astra in Europe and Americom in North America,” Dan Goldberg, president of New Skies said.
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