ViaSat Announces Early Termination of HSR Waiting Period in Connection with Proposed Acquisition of WildBlue Communications
CARLSBAD, Calif., Oct 30, 2009 (BUSINESS WIRE) -- ViaSat Inc. (Nasdaq: VSAT), a producer of innovative satellite and other wireless communication systems, announced today that ViaSat and WildBlue Communications Inc. have been granted early termination by the Federal Trade Commission and the Antitrust Division of the Department of Justice of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), in connection with the previously announced ViaSat acquisition of WildBlue.
Completion of the proposed acquisition remains subject to receipt of other regulatory approvals and the satisfaction of the other closing conditions set forth in the merger agreement. The parties continue to expect the transaction to close in the fourth quarter of ViaSat’s 2010 fiscal year, which ends April 2, 2010.
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies and products to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services. ViaSat also offers design capabilities and a number of complementary products including monolithic microwave integrated circuits and modules, DVB-S2 satellite communication components, video data link systems, data acceleration and compression, and mobile satellite antenna systems. ViaSat is based in Carlsbad, CA, has major locations in Duluth, GA, and Germantown, MD (Comsat Laboratories division), and additional field offices and service centers worldwide.
Safe Harbor Statement
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the timing and expected closing of the proposed acquisition of WildBlue by ViaSat. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: the ability of the parties to consummate the proposed acquisition on the terms described in this release, or at all; the satisfaction of the various closing conditions to the proposed acquisition; the ability to realize anticipated benefits of the proposed acquisition; and other factors affecting the communications industry generally. In addition, please refer to the risk factors contained in ViaSat SEC filings available at www.sec.gov, including ViaSat’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. ViaSat undertakes no obligation to update or revise any forward-looking statements for any reason.
WildBlue is a registered trademark of WildBlue Communications Inc.
Comsat Labs and Comsat Laboratories are trade names of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. “Comsat” is a registered trademark of COMSAT Corporation.
SOURCE: ViaSat Inc.
Joe LoBello / Scott Cianciulli
Copyright Business Wire 2009