Justice Department clears merger between Intelsat and PanAmSat

May 29, 2006

On May 26, 2006, Intelsat announced that it had been informed that the U.S. Department of Justice was closing its antitrust investigation of Intelsat's proposed merger with PanAmSat Holding Corporation. Furthermore, the Justice Department informed Intelsat that it was not seeking divestiture of any assets as a condition of the merger. Since 2005, Robert Crandall, Founder of Criterion Economics, and
Allan Ingraham, Senior Vice President at Criterion Auctions, have advised Intelsat on economic matters relating to the merger with PanAmSat.